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CORPORATE FINANCIAL STATEMENT ANALYSIS

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CORPORATE FINANCIAL STATEMENT ANALYSIS WORKSHEET For COSTCO WHOLESALE CORP FINANCIAL STATEMENT ENDING AUG 30,2015

The corporate financial statement analysis project requires you to analyze Costco’s wholesale corp annual report.

The project is due in week/unit 8.

Please include a photocopy of the balance sheet, income statement, and other information sources for Costco wholesale, along with this complete worksheet below; so the instructor can grade it.

See http://www.nasdaq.com/symbol/cost/financials?query=balance-sheet

PLEASE COMPLETE ATTACHED WORKSHEET BELOW

General Information:

1. Name of corporation: _____________________________

2. Line of business: _____________________________

3. Location of headquarters: _____________________________ (City, State or Province, and Country)

4. Number of employees: _____________________________ (This cannot be found in the financial statements but can sometimes be found elsewhere in the annual report.)

5. The annual report is for the fiscal year ended: Stockholders’ Data:

6. Par or stated value of common stock, if any, per share: $_________

7. Number of shares outstanding: (This may not be found in the financial statements but can sometimes be found elsewhere in the annual report)

8. Number of different people owning shares:

9. Closing price per share of common stock in The Wall Street

Journal:

10. Does the corporation have preferred stock (yes/no)? __

11. Trading symbol/abbreviation used in The Wall Street Journal: Auditors’ Report:

12. Name of audit firm: ____________________________________

13. Opinion: ___________________________________ (“clean,” “qualified,” “adverse,” or “disclaimer”)

Historical Summary:

14. Number of years included: Balance Sheet: Be very careful to note whether the numbers in the financial statements are given in dollars, thousands of dollars, millions of dollars, etc. If you don’t take care about this you could get this entire section wrong!

15. Total assets $_______________

16. Cash $________________

17. Accounts receivable $________________

18. Quick assets $________________

19. Total current assets $________________

20. Total current liabilities $________________

21. Total long-term liabilities $________________

22. Amount of deferred taxes, if any $________________

Financial Ratios: Use the formulas from the textbook.

23. Working capital $________________

24. Current ratio _____

25. Acid-test ratio _____

26. Accounts receivable turnover _____

27. Number of day’s sales in receivable _____

28. Inventory turnover _____

29. Number of day’s sales in inventory _____

30. Ratio of plant assets to long-term liabilities _____

31. Ratio of liabilities to stockholders’ equity _____

32. Number of times interest charges earned _____

33. Number of times preferred dividends earned _____

34. Ratio of net sales to assets _____

35. Rate earned on total assets _____

36. Rate earned on stockholders’ equity _____

37. Rate earned on common stockholders’ equity _____

38. Earnings per share on common stock ____

39. Price-earnings ratio in The Wall Street Journal _____ (This must be looked up. Use any edition of The Wall Street Journal printed during this class.)

40. Dividend yield in The Wall Street Journal_________________ (This must be looked up. Use any edition of The Wall Street Journal printed during this class.)

Financial Statements:

41. Number of notes to the financial statements _____

42. Were the financial statement pages a different color than the rest of the annual report? (Yes/No) _____

Income Statement:

43. Income from continuing operation before income taxes $___________ $___________ (Dollar amount) (Per share amount)

44. Taxes on continuing operations $___________ _ (Dollar amount) (Per share amount)

45. Extraordinary gain or loss, net of tax (if any) $__________ _ (Dollar amount) (Per share amount)

46. Gain or loss on discontinued operations, net of tax (if any) $___________ _ (Dollar amount) (Per share amount)

47. Cumulative effect of change in accounting, principle, net of tax (if any) $___________ _ (Dollar amount) (Per share amount)

48. Was the earnings per share given as “primary” and “fully diluted”? Yes No

Miscellaneous

49. Name of the president or CEO: _____________________________

50. Did the notes to the financial statements discuss a contingent liability? ___Yes ___No

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