Question
Forecast the Income Statement, Balance Sheet, and Statement of Cash Flows Following are fiscal year financial statements of Costco. COSTCO WHOLESALE CORP Consolidated Statements
Forecast the Income Statement, Balance Sheet, and Statement of Cash Flows Following are fiscal year financial statements of Costco. COSTCO WHOLESALE CORP Consolidated Statements of Income For Year Ended ($ millions) Sep. 1, 2019 Sep. 2, 2018 Net sales $74,676 $69,217 Membership fees 1,676 1.571 Total revenue 76,352 70,788 Merchandise costs 66,443 61,576 Selling, general and administrative 7,497 6,938 Preopening expenses 43 34 Operating income 2.369 2,240 Interest expense (75) (80) Interest income and other, net 89 61 Income before income taxes 2,383 2,221 Provision for income taxes 531 632 Net income including noncontrolling interests 1,852 1,589 Net income attributable to noncontrolling interests (23) (23) Net income attributable to Costco $1,829 $1,566 COSTCO WHOLESALE CORP Consolidated Balance Sheets In millions, except par value Sep. 1, 2019 Sep. 2, 2018 Current Assets Cash and cash equivalents $4,192 $3,028 Short-term investments 530 602 Receivables, net 768 835 Merchandise inventories 5,698 5,520 Other current assets 556 161 Total current assets 11,744 10,146 Property and Equipment
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