Question: find the answer for (B) Direct Computation of Nonoperating Return with Noncontrolling Interest Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale

find the answer for (B) Direct Computation of Nonoperating Return with Noncontrolling Interest Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statement of Income For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 6,355 Preopening expenses 68 Operating Income 12,001 Other (income) expense Interest expense 73 Interest income and other, net (121) Income before income taxes 12,049 Provision for income taxes 1,263 Net income including noncontrolling interests 10,786 Net income attributable to noncontrolling interests (21) Net income attributable to Costco $10,765 Costco Wholesale Corporation Consolidated Balance Sheets ($ millions, except par value and share data) September 2, 2018 September 3, 2017 Current assets Cash and cash equivalents $2,773 $4,546 Short-term investments 1,204 1,233 Receivables, net 1,669 656 Merchandise inventories 11,040 9,834 Other current assets 147 272 Total current assets 16,833 16,541 Net property and equipment 19,681 18,161 Other assets 860 398 Total assets $37,374 $35,100 Current liabilities Accounts payable $11,237 $9,608 Accrued salaries and benefits 1,371 1,238 Accrued member rewards 1,057 961 Deferred membership fees 744 1,498 Other current liabilities 3,014 1,248 Total current liabilities 17,423 14,553 Long-term debt 2,971 6,573 Other liabilities 1,314 1,200 Total liabilities 21,708 22,326 Equity Preferred stock, $0.01 par value: 0 0 Common stock, $0.01 par value: 4 4 Additional paid-in-capital 8,835 7,495 Accumulated other comprehensive loss (1,199) (1,014) Retained earnings 7,887 5,988 Total Costco stockholders' equity 15,527 12,473 Noncontrolling interests 139 301 Total equity 15,666 12,774 Total liabilities and equity $37,374 $35,100 Combined federal and state statutory tax rate 22.00% ROE 76.8929% RNOA 76.1553% a. Compute net nonoperating expense (NNE) and net operating profit after tax (NOPAT). NNE Answer 1 (37) NOPAT Answer 2 10,749 b. Compute net nonoperating obligations (NNO) for 2018 and 2017. Year NNO 2018 Answer 3 2017 Answer 4

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