Module 3 l Profitability Analysis and Interpretation 3-42 P3-39. Analysis and Interpretation of Profitability 01, 2) Balance sheets and income statements for Costco Wholesale Corporation follow. Consolidated Statements of Earnings WHOLESALE CORPORATION September September August 1, 2013 2, 2012 28, 2011 For Fiscal Years Ended millions) (COST) Net sales. $102,870 $97,062 $87.048 2,075 1,867 105,156 99,137 88,915 operating expenses 91,948 86,823 77,739 Selling, general and administrative. 10,104 9,518 8691 Other income (expense) Interest income and other, net 103 Income before income taxes. 2,767 Provision for income taxes 841 Net income including noncontrolling interests 1.542 (5 2,061 Net income attributable to noncontroling interests Net income attributable to Costco 2,039 1.709 1,462 Consolidated Balance Sheets (s millions, except par value and share data) 1, 2013 2, 2012 Cash and cash equivalents. 4,644 3,528 1480 Short-term investments 1,201 7,894 Deferred income taxes and other current assets 15,840 13,526 Total current assets Property and equipment 4,409 10,879 11,556 Buildings and improvements 4,472 Equipment and fixtures. 374 19,546 21,022 (7,141 Less accumulated depreciation and amortization 12,961 13,881 Net property and equipment. $30,283 $27,140