Question

Find online the annual​ 10-K report for Costco Wholesale Corporation​ (COST) for fiscal year 2015 ​(filed in October 2015​). Answer the following questions from the income​ statement:
1. What were Costco's revenues for fiscal year 2015?
2. By what percentage did revenues grow from the prior year?
3. What was Costco's operating income for the fiscal year?
4. What was Costco's average tax rate for the year?
5. What were Costco's diluted earnings per share in fiscal year 2015?
6. What number of shares is this EPS based on?
7. What were Costco's revenues for fiscal year 2015?
Costco's revenues for fiscal year 2015 was_______ million. (Round to the nearest million.)
8. By what percentage did revenues grow from the prior year?
The percentage the revenues grew from the prior year is______ %. (Round to two decimal places.)
9. What was Costco's operating income for the fiscal year?
Costco's operating income for 2015 was________ million. (Round to the nearest million.)
10. What was Costco's average tax rate for the year?

Answer 1

Answer:

Costco's fiscal year ends in August, not October.

1. What were Costco's revenues for fiscal year 2015?

• $113,666 million

2. By what percentage did revenues grow from the prior year?

• (2015 revenue - 2014 revenue) / 2014 revenue = ($133,666 - $110,212) / $110,212 = 21.28%

3. What was Costco's operating income for the fiscal year?

• $3,624 million

4. What was Costco's average tax rate for the year?

• total income taxes / income before income taxes = $1,195  / $3,604 = 33.16%

5. What were Costco's diluted earnings per share in fiscal year 2015?

• $5.37

6. What number of shares is this EPS based on?

• 442,716  shares

7. What were Costco's revenues for fiscal year 2015?

• Costco's revenues for fiscal year 2015 was $113,666 million. (Round to the nearest million.)

8. By what percentage did revenues grow from the prior year?

The percentage the revenues grew from the prior year is 21.28%. (Round to two decimal places.)

9. What was Costco's operating income for the fiscal year?

Costco's operating income for 2015 was $3,624 million. (Round to the nearest million.)

10. What was Costco's average tax rate for the year? 33.16%

Explanation:

On the SEC's website you can find information about all publicly traded corporations, including financial statements and other relevant information.