FINANCIAL ANALYSIS PROJECT ( Costco )The presentation going to be about Costco Company so, referring to the annual financial statements and supplemented by your research, respond to the instructions and questions below. Fully explain your answers by detailed explanation or calculations where necessary and appropriate. If ratios are requested, you must show how you calculated the ratio and where you obtained the information you used in the calculation for full credit.) All questions and instructions refer to the most recent year publicly reported, unless otherwise stated.PLEASE NOTE BETWEEN THE 4 POINTS TO LET ME KNOW WHERE ARE THE POINTS TO MAKE THEM INORDER.1. Provide an overview of the company, the type of business it engages in, and any significant recent events affecting the company’s operations or financial position. Not longer than 2 paragraphs2. Who are the competitors of this company? Are they a threat to your companies financial performance in the short term (3 years) and/or longer term (greater than 3 years)?3. Perform a horizontal and trend analysis covering the last 3 years.4. Prepare a “common sized” income statement and balance sheet for the most recently reported fiscal year.