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Business
Management
Fiscal Years Ending Operating expenses Merchandise costs Selling, general and administrative Preopening expenses Selected Income Statement Data Net sales Membership fees Total revenue Sept. 1, 2019 Sept. 2, 2018 Sept. 3, 2017 Aug. 28, 2016 $149,351 $138,434 $126,172 $116,073 3,352 3,142 2,853 2,646 152,703 141,576 129,025 118,719 132,886 123,152 111,882 102,901 14,994 13,876 12,950 12,068 86 68 82 78 Provision for impaired assets and store closing costs - - Total operating expenses 147,966 137,096 124,914 115,047 Operating income 4,737 4,480 4,111 3,672 Other income (expense) Interest expense (150) (159) (134) (133) Interest income and other, net 178 121 62 Income before income taxes 4,765 4,442 4,039 80 3,619 Provision for income taxes 1,061 1,263 1,325 1,243 Net income attributable to Costco $ 3,659 $ 3,134 $ 2,679 $ 2,350 $ 8.26 $ 7.09 $ 6.08 $ 5.33 Diluted net income per share Dividends per share (not including special dividend of $7.00 in 2017 and $5.00 in 2015) Millions of shares used in per share calculations +A $ 2.44 $ 2.14 $ 1.90 $ 1.70 442.9 441.8 440.9 441.3

Fiscal Years Ending Operating expenses Merchandise costs Selling, general and administrative Preopening expenses Selected Income Statement Data Net sales Membership fees Total revenue Sept. 1, 2019 Sept. 2, 2018 Sept. 3, 2017 Aug. 28, 2016 $149,351 $138,434 $126,172 $116,073 3,352 3,142 2,853 2,646 152,703 141,576 129,025 118,719 132,886 123,152 111,882 102,901 14,994 13,876 12,950 12,068 86 68 82 78 Provision for impaired assets and store closing costs - - Total operating expenses 147,966 137,096 124,914 115,047 Operating income 4,737 4,480 4,111 3,672 Other income (expense) Interest expense (150) (159) (134) (133) Interest income and other, net 178 121 62 Income before income taxes 4,765 4,442 4,039 80 3,619 Provision for income taxes 1,061 1,263 1,325 1,243 Net income attributable to Costco $ 3,659 $ 3,134 $ 2,679 $ 2,350 $ 8.26 $ 7.09 $ 6.08 $ 5.33 Diluted net income per share Dividends per share (not including special dividend of $7.00 in 2017 and $5.00 in 2015) Millions of shares used in per share calculations +A $ 2.44 $ 2.14 $ 1.90 $ 1.70 442.9 441.8 440.9 441.3

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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what is the operating profit margin and net profit margin for the attached data??

 

Fiscal Years Ending Operating expenses Merchandise costs Selling, general and administrative Preopening expenses Selected Income Statement Data Net sales Membership fees Total revenue Sept. 1, 2019 Sept. 2, 2018 Sept. 3, 2017 Aug. 28, 2016 $149,351 $138,434 $126,172 $116,073 3,352 3,142 2,853 2,646 152,703 141,576 129,025 118,719 132,886 123,152 111,882 102,901 14,994 13,876 12,950 12,068 86 68 82 78 Provision for impaired assets and store closing costs - - Total operating expenses 147,966 137,096 124,914 115,047 Operating income 4,737 4,480 4,111 3,672 Other income (expense) Interest expense (150) (159) (134) (133) Interest income and other, net 178 121 62 Income before income taxes 4,765 4,442 4,039 80 3,619 Provision for income taxes 1,061 1,263 1,325 1,243 Net income attributable to Costco $ 3,659 $ 3,134 $ 2,679 $ 2,350 $ 8.26 $ 7.09 $ 6.08 $ 5.33 Diluted net income per share Dividends per share (not including special dividend of $7.00 in 2017 and $5.00 in 2015) Millions of shares used in per share calculations +A $ 2.44 $ 2.14 $ 1.90 $ 1.70 442.9 441.8 440.9 441.3
Transcribed Image Text:Fiscal Years Ending Operating expenses Merchandise costs Selling, general and administrative Preopening expenses Selected Income Statement Data Net sales Membership fees Total revenue Sept. 1, 2019 Sept. 2, 2018 Sept. 3, 2017 Aug. 28, 2016 $149,351 $138,434 $126,172 $116,073 3,352 3,142 2,853 2,646 152,703 141,576 129,025 118,719 132,886 123,152 111,882 102,901 14,994 13,876 12,950 12,068 86 68 82 78 Provision for impaired assets and store closing costs - - Total operating expenses 147,966 137,096 124,914 115,047 Operating income 4,737 4,480 4,111 3,672 Other income (expense) Interest expense (150) (159) (134) (133) Interest income and other, net 178 121 62 Income before income taxes 4,765 4,442 4,039 80 3,619 Provision for income taxes 1,061 1,263 1,325 1,243 Net income attributable to Costco $ 3,659 $ 3,134 $ 2,679 $ 2,350 $ 8.26 $ 7.09 $ 6.08 $ 5.33 Diluted net income per share Dividends per share (not including special dividend of $7.00 in 2017 and $5.00 in 2015) Millions of shares used in per share calculations +A $ 2.44 $ 2.14 $ 1.90 $ 1.70 442.9 441.8 440.9 441.3
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