Accounting
Compute and compare the common % and ratios on the income statement from COSTCO ; compare between 3 years, with 2012 as the key year- this would include % and ratios such as, but not limited to, Gross Profit and Gross Profit %, etc. Be prepared to address how and where you found the information needed, what formula you followed to come up with the numbers and ratios; what these numbers and ratios tell you about liquidity and profitability of the corporation; compare income to expenses and specify which expenses, under an accrual system of accounting, you would NOT consider for the subsequent CASH FLOW STATEMENT; determine the liquidity of the corporation at the end of each year and how this changes; determine and tell us how the Income Statement relates to the Balance Sheet and be specific as to accounts and actions to be taken. By reviewing the NOTES section, include any information on accounting methods, cost of goods sold information, depreciation method used, etc. as these notes apply to the Income Statement.