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Balance sheets and income statements for Costco Wholesale Corporation follow. / r / n Costco Wholesale Corporation Consolidated Balance Sheets ( $ millions, except par
Balance sheets and income statements for Costco Wholesale Corporation follow. rn Costco Wholesale Corporation Consolidated Balance Sheets $ millions, except par value and share data September September Current assets rn In Costco's return on equity ROE is and its return on net operating assets RNOA is Assume that the combined federal and state statutory tax rate is a Compute net nonoperating expense NNE and net operating profit after tax NOPAT Round to the nearest whole number, if applicable. NNE $ times million NOPAT times million b Compute net nonoperating obligations NNO for and NNO $ times million; NNO $ times million c Compute financial leverage FLEV Round answer to four decimal places. FLEV d Compute NNEP and Spread. Round answers to two decimal places example: NNEP times Spread times e Compute the noncontrolling interest ratio NCI ratio Round answer to four decimal places. NCI Ratio f Confirm the relation: ROERNOAFLEVtimes Spread times NCI ratio. ROEtimes X times
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