a) calculate free cash flow from info below b) Interpret the results of your calculations based on the textbook discussion in a short paragraph.

Balance Sheet		Jan 29 2017	Jan 31 2016		$ Change	% Change
ASSETS
Current Asset
Cash and Cash Equivalents		$ 2,538	$ 2,216		$ 322	14.5%
Receivables: Net		$ 2,029	$ 1,890		$ 139	7.4%
Merchandise Inventories		$ 12,549	$ 11,809		$ 740	6.3%
Other Current Asset		$ 608	$ 569		$ 39	6.9%
Total Current Asset		$ 17,724	$ 16,484		$ 1,240	7.5%
Property and Equipment, at cost		$ 40,426	$ 39,266		$ 1,160	3.0%
Less Accumulated Depreciation and Amortization		$ 18,512	$ 17,075		$ 1,437	8.4%
Net Property and Equipment		$ 21,914	$ 22,191		$ (277)	-1.2%
Goodwill		$ 2,093	$ 2,102		$ (9)	-0.4%
Other Assets		$ 1,235	$ 1,196		$ 39	3.3%
Total Assets		$ 42,966	$ 41,973		$ 993	2.4%
LIABILITIES AND STOCKHOLDERS EQUITY
Current Liabilities:
Short-Term Debt		$ 710	$ 350		$ 360	102.9%
Accounts Payable		$ 7,000	$ 6,565		$ 435	6.6%
Accrued Salaries and Related Expenses		$ 1,484	$ 1,515		$ (31)	-2.0%
Sales Taxes Payable		$ 508	$ 476		$ 32	6.7%
Deferred Revenue		$ 1,669	$ 1,566		$ 103	6.6%
Income Taxes Payable		$ 25	$ 34		$ (9)	-26.5%
Current Installments of Long-Term Debt		$ 542	$ 77		$ 465	603.9%
Other Accrued Expenses		$ 2,195	$ 1,941		$ 254	13.1%
Total Current Liabilities		$ 14,133	$ 12,524		$ 1,609	12.8%
Long-Term Debt, excluding current installments		$ 22,349	$ 20,789		$ 1,560	7.5%
Other Long-Term Liabilities		$ 1,855	$ 1,965		$ (110)	-5.6%
Deferred Income Taxes		$ 296	$ 379		$ (83)	-21.9%
Total Liabilities		$ 38,633	$ 35,657		$ 2,976	8.3%
STOCKHOLDERS EQUITY
Common Stock		$ 88	$ 88		$ -	0.0%
Paid-In Capital		$ 9,787	$ 9,347		$ 440	4.7%
Retained Earnings		$ 35,519	$ 30,973		$ 4,546	14.7%
Accumulated Other Comprehensive Loss		$ (867)	$ (898)		$ 31	-3.5%
Treasury Stock		$ (40,194)	$ (33,194)		$ (7,000)	21.1%
Total Stockholders Equity		$ 4,333	$ 6,316		$ (1,983)	-31.4%
Total Liabilities and Stockholders Equity		$ 42,966	$ 41,973		$ 993	2.4%
Income Statement		Jan 29 2017	Jan 31 2016		$ Change	% Change
NET SALES		$ 94,595	$ 88,519		$ 6,076	6.9%
Cost of Sales		$ 62,282	$ 58,254		$ 4,028	6.9%
GROSS PROFIT		$ 32,313	$ 30,265		$ 2,048	6.8%
Operating Expenses:
Selling, General and Administrative		$ 17,132	$ 16,801		$ 331	2.0%
Depreciation and Amortization		$ 1,754	$ 1,690		$ 64	3.8%
Total Operating Expenses		$ 18,886	$ 18,491		$ 395	2.1%
OPERATING INCOME		$ 13,427	$ 11,774		$ 1,653	14.0%
Interest and Other (Income) Expense:
Interest and Investment Income		$ (36)	$ (166)		$ 130	-78.3%
Interest Expense		$ 972	$ 919		$ 53	5.8%
Interest and Other, net		$ 936	$ 753		$ 183	24.3%
EARNINGS BEFORE PROVISION FOR INCOME TAXES		$ 12,491	$ 11,021		$ 1,470	13.3%
Provision for Income Taxes		$ 4,534	$ 4,012		$ 522	13.0%
NET EARNINGS		$ 7,957	$ 7,009		$ 948	13.5%