Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other income (expense) Interest expense 159 Interest income and other, net (121) Income before income taxes 4,442 Provision for income taxes 1,263 3.179 Net income including noncontrolling interests Net income attributable to noncontrolling interests (45) $3,134 Net income attributable to Costco Costco Wholesale Corporation Consolidated Balance Sheets ($ millions, except par value and share data) September 2, 2018 September 3, 2017 Current assets Cash and cash equivalents $6,055 $4,546 Short-term investments 1,204 1.233 Receivables, net 1,669 1,432 Merchandise inventories 11,040 9,834 Other current assets 321 272 Total current assets 20.289 17.317 Net property and equipment 19,681 18,161 Other assets 860 869 Total assets $40,830 $36,347 Current liabilities Accounts payable $11.237 $9,608 Accrued salaries and benefits 2.994 2.703 Accrued member rewards 1,057 961 Deferred membership fees 1,624 1,498 Other current liabilities 3,014 2,725 Total current liabilities 19.926 17,495 Long-term debt 6,487 6,573 Other liabilities 1.314 1,200 Total liabilities 27.727 25,268 Equity Preferred stock. $0.01 par value: 0 Common stock, 30.01 par value: 4 4 Additional paid-in-capital 6,107 5.800 Accumulated other comprehensive loss (1.199) (1.014) Retained earnings 7,887 5.988 Total Costco stockholders' equity 12.799 10,778 304 301 Noncontrolling interests Total equity 13,103 11,079 Total liabilities and equity $40,830 $36,347 0 2018 current 2017 entrato 2018 meterstand 2017 times interested 2018 best equity 2017 labo-culty Sume you about the company tyand have any concerns about Cascos laborato decreased this very has declined Costos times interest and there is concern for Cost Costco's uit and current ratio increased therefore it has declined Costcotines restened tishich they not com Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other income (expense) Interest expense 159 Interest income and other, net (121) Income before income taxes 4,442 Provision for income taxes 1,263 3.179 Net income including noncontrolling interests Net income attributable to noncontrolling interests (45) $3,134 Net income attributable to Costco Costco Wholesale Corporation Consolidated Balance Sheets ($ millions, except par value and share data) September 2, 2018 September 3, 2017 Current assets Cash and cash equivalents $6,055 $4,546 Short-term investments 1,204 1.233 Receivables, net 1,669 1,432 Merchandise inventories 11,040 9,834 Other current assets 321 272 Total current assets 20.289 17.317 Net property and equipment 19,681 18,161 Other assets 860 869 Total assets $40,830 $36,347 Current liabilities Accounts payable $11.237 $9,608 Accrued salaries and benefits 2.994 2.703 Accrued member rewards 1,057 961 Deferred membership fees 1,624 1,498 Other current liabilities 3,014 2,725 Total current liabilities 19.926 17,495 Long-term debt 6,487 6,573 Other liabilities 1.314 1,200 Total liabilities 27.727 25,268 Equity Preferred stock. $0.01 par value: 0 Common stock, 30.01 par value: 4 4 Additional paid-in-capital 6,107 5.800 Accumulated other comprehensive loss (1.199) (1.014) Retained earnings 7,887 5.988 Total Costco stockholders' equity 12.799 10,778 304 301 Noncontrolling interests Total equity 13,103 11,079 Total liabilities and equity $40,830 $36,347 0 2018 current 2017 entrato 2018 meterstand 2017 times interested 2018 best equity 2017 labo-culty Sume you about the company tyand have any concerns about Cascos laborato decreased this very has declined Costos times interest and there is concern for Cost Costco's uit and current ratio increased therefore it has declined Costcotines restened tishich they not com