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Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years

Analysis and Interpretation of Profitability 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
Net income including noncontrolling interests 3,179
Net income attributable to noncontrolling interests (45)
Net income attributable to Costco $3,134
Costco Wholesale Corporation
Consolidated Balance Sheets
($ 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 0
Common stock, $0.01 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
Noncontrolling interests 304 301
Total equity 13,103 11,079
Total liabilities and equity $40,830 $36,347

Please show your work or formula if using Excel to solve.

Question 1

Part 1A : Compute Costcos RNOA, net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. (Do not round until final answer. Round two decimal places. Do not use NOPM x NOAT to calculate RNOA.)

2018 RNOA = Answer% 2018 NOPM = Answer% 2018 NOAT = Answer$

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