compute net operating profft after tan (NOPAT) for Combined federal and State Statutory lon rates 22% for botheyears lose 90gAssume that Compute nit non opencetong obligations (And for 2018 and 2017 Compute net non openting Empense-9019 Compute financial liveneze FIEV for 2018 Compule NNEP and Souad for 2018 100 Question 2 ROE Decomposition: use these financial statements to answer the requirements. COSTCO WHOLESALE CORPRATION Consolidated statement of Income 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) 4,442 Income before income taxes Provision for income taxes 1,263 Net income including 3,179 noncontrolling interests Net income attributable to (45) noncontrolling interests 3134 Net income attributable to Costco 7 September 3, 2017 1.204 COSTCO WHOLESALE CORPRATION Consolidated Balance Sheets $ millions, except par value and share data September 2, 2018 Current assets Cash and cash equivalents $ 6,055 Short-term investments Receivables, net 1,669 Merchandise inventories 11,040 Other current assets Total current assets 20,289 Net property and 19,681 equipment 860 Other assets Total assets $ 4,546 1,233 1,432 9,834 272 17,317 18,161 321 869 36,347 40,830 Current Liabilities Accounts Payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Other current liabilities Total current liabilities Long-term debt Other liabilities Total Liabilities $11,237 2,994 1,507 1,624 3,014 19,926 6,487 1,314 27,727 $9,608 2.703 961 1,498 2,725 17,495 6,573 1,200 25,268 0 0 4 6.107 4 5800 Equity Preferred stock $0.01 par value Common stock $0.01 par value Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total Costco stockholders' equity Noncontrolling interests Total equity Total liabilities and equity (1,199) 7887 (1,104) 5,988 12.799 304 13,103 $40,830 10,778 301 11079 $36.347 Compute net operating profst after tan (NOPAT) for combined federal and State statutoay 22% for botheepears 2018. Assume that ton rates Compute net non operating Obligation (NO) for 2017 2018 and Compute net non openting Enpenge- 2018 Compute financial leverage FIEV fror 2018 27300005401 Compule NNEP and spread for 2018