QUESTION 2 Partially correct Mark 0.91 out of 2.00 PFlag question Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corportation follow Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 1, 2013 September 2, 2012 August 28, 2011 Revenue Net Sales $102,870 2,286 105,156 $97,062 2,075 99,137 $87,048 1,867 88,915 Membership fees Total revenue Operating expenses Merchandise costs Selling, general and administrative Preopening expenses 91,948 10,104 51 3,053 86,823 9,518 37 2,759 77,739 8,691 46 2,439 Operating Income Other income (expense) (99) 97 3,051 990 2,061 (22) $2,039 (95) 103 2,767 1,000 1,767 (58) $1,709 (116) 60 2,383 841 1,542 (80) $1,462 Interest expense Interest income and other, net Income before income taxes Provision for income taxes Net income including noncontrolling interests Net income attributable to noncontrolling interests Net income attributable to Costco