Due September 26, 2006
Find the most recent financial statements available on the Internet (finance.yahoo.com
or similar) for Costco Warehouse Corporation (COST).
Compute and compare the days
of accounts receivable, the days of inventory, and the days of accounts payable to those
of Wal-Mart (done in class).
Remember that we only will use the cash cycle definitions
of these quantities developed in lecture, the average collection period defined in
Chapter 8 in the text is not used.
The answers will vary slightly based upon when the data was accessed.
definitions in class used annual net sales and annual cost of goods sold figures, we will
use the annual data.
Most recent data is for a August 28, 2005 FYE.
Perhaps the 2006 data is available.
Cost of Goods Sold:
$559,171,000 and 335,175,000, averaging to $447,173,000
$5,502,804,000 and 4,727,418,000, averaging to $5,115,111,000