QUESTION 1 Partially correct Points out of 25.00 PFlag question Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of Whole Foods Market, Inc. Income Statement, For Years Ended (in $ 000s) 2010 2009 Sales Cost of goods sold and occupancy costs Gross profit Direct store expenses General administrative expenses Pre-opening expense Relocation, store closures and lease termination costs Operating income Interest expense Investment and other income Income before income taxes Provision for income taxes S 9,005,794 $ 8,031,620 5,870,393 5,277,310 3,135,401 2,754,310 2,375,716 2,145,809 272,449 243,749 38,044 49,218 11,217 31,185 437,975 284,349 (33,048) (36,856) 3,449 411,781 250,942 165,948 104,138 $ 245,833 S146,804 6,854 Net income QUESTION 1 Partially correct Points out of 25.00 PFlag question Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet Following are the income statement and balance sheet of Whole Foods Market, Inc. Income Statement, For Years Ended (in $ 000s) 2010 2009 Sales Cost of goods sold and occupancy costs Gross profit Direct store expenses General administrative expenses Pre-opening expense Relocation, store closures and lease termination costs Operating income Interest expense Investment and other income Income before income taxes Provision for income taxes S 9,005,794 $ 8,031,620 5,870,393 5,277,310 3,135,401 2,754,310 2,375,716 2,145,809 272,449 243,749 38,044 49,218 11,217 31,185 437,975 284,349 (33,048) (36,856) 3,449 411,781 250,942 165,948 104,138 $ 245,833 S146,804 6,854 Net income