Costco Wholesale Corporation operates more than 590 membership warehouses and
Costco Wholesale Corporation operates more than 590 membership warehouses and employs more than, 164,000 people. Its annual report included the following items at August 28, 2011 (in millions of dollars):
Accrued liabilities ............ $ 2,093
Cash and cash equivalents ........ 4,009
Total stockholders’ equity .......... b
Total liabilities .............. c
Long-term debt ............. 1,253
Total revenues ............. 88,915
Accounts receivable ........... 965
Common stock ............ 4,518
Inventories ................ a
Accounts payable ........... 6,544
Property, net of accumulated depreciation . 12,432
Retained earnings ............ 7,111
Other assets ............. 2,717
Other liabilities ............ 4,298
Other stockholders’ equity ......... 944
Total assets ............ 26,761
Prepare a condensed balance sheet including amounts for the following:
a. Inventory
b. Total stockholders’ equity
c. Total liabilities

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