P3-47. g. What does the breakdown of nonoperating return imply Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. LO4, COSTCO WHOLESALE CORPORATION Consolidated Statement of Income CO WHO CORPO (0 For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue.. Operating expenses Merchandise costs Selling, general and administrative. Preopening expenses. Operating income.. Other (income) expense Interest expense, Interest income and other, pet Income before income taxes Provision for income taxes Net income including noncontrolling interests Net income attributable to noncontrolling interests. Net income attributable to Costco $141,576 123,152 13,876 68 4,480 159 (121) 4,442 1.263 3,179 (45) $ 3.134 00.3 COSTCO WHOLESALE CORPORATION Consolidated Balance Sheets $ millions, except par value and share data Current assets Cash and cash equivalents. September 2, 2018 September 3, 2017 $ 6,055 $ 4,546 Short-term investments.. Receivables, net. Merchandise inventories. 1,204 1,233 1,669 11,040 1,432 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 Accrued salaries and benefits. 2,994 $ 9,608 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. Other liabilities Total liabilities. 6.487 6,573 1,314 1,200 27,727 25,268 continued