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Costco and BJs annual report 2022: Which company reports higher total assets? How much?...

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Accounting

Costco and BJs annual report 2022:

  1. Which company reports higher total assets? How much?
  2. Which company reports higher total liabilities? How much? Does this always mean this company has a higher chance of not being able to repay its debt and declare bankruptcy? Explain
  3. What relevant information do total assets and total liabilities provide to creditors deciding whether to lend money to one company versus the other?
  4. Which company reports higher net income? How much? Does this always mean this company's operations are more profitable? Explain
  5. What relevant information does net income provide to investors who are deciding whether to invest in one company versus the other?

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