Question 8 Not changed since last attempt Marked out of 1.11 Flag question Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corportation follow. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) Revenue Net Sales Membership fees Total revenue September 1, 2013 September 2, 2012 August 28, 2011 $102,870 $97,062 $87,048 2,286 2,075 1,867 105,156 99,137 88,915 Operating expenses Merchandise costs 91,948 86,823 77,739 Selling, general andadministrative 10,104 9,518 8,691 Preopening expenses 51 37 46 Operating Income 3,053 2,759 2,439 Other income (expense) 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 (99) (95) (116) 97 103 60 3,051 2,767 2,383 990 1,000 841 2,061 1,767 1,542 (22) (58) (80) $ 2,039 $ 1,709 $1,462