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Assume the following are the fiscal year income statement and balance sheets of Best Buy, Co., Inc. Income Statement ($ millions) Revenue Cost of goods

image text in transcribed Assume the following are the fiscal year income statement and balance sheets of Best Buy, Co., Inc. Income Statement (\$ millions) Revenue Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Net interest income Earnings from continuing operations before income tax expense Income tax expense Net earnings 2016 $30,848 23,122 7,726 6,082 1,644 77 1,721 $1,140581 below). Revenue growth Gross profit margin Selling, general and administrative expenses/Revenue Depreciation (inc. in SG\&A expense)/Prior year net property and equipment Income tax expense/Earnings from continuing operations before income taxes Revenues/Year-end receivables Cost of goods sold/Year-end merchandise inventories Cost of goods sold/Year-end accounts payable Revenue/Year-end net property and equipment Revenue/Year-end accrued compensation and related expenses and accrued liabilities Accrued income taxes/Income tax expense Dividends/Net earnings Long-term debt in next fiscal year 12.4% 25.0% 19.7% 18.5% 33.8% 60.96 6.93 7.15 11.38 25.04 121.0% 13.2% $16 What is the forecasted 2017 net cash flow from investing activities? Select one: A. (\$837) million B. ($585) million C. $505 million D. $1,928 million

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