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Attached is the question. Thank you. Pll47. Statement of Cash Flows (Indirect Method) Following are the' income statement and balance sheet for Whole Foods Market

Attached is the question. Thank you.

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Pll47. Statement of Cash Flows (Indirect Method) Following are the' income statement and balance sheet for Whole Foods Market Inc. for the year Whole Foods Market ended September 25, 2016, and a forecasted income statement and balance sheet for 2017. WHOLE FOODS MARKET INC. Income Statement $ millions 2016 Actual Sales ...................................................... . . $15,724 Cost of goods sold and occupancy costs ...................... 10,313 Grossprot. ................ . ........ . ............ .. 5.411 Selling, general and administrative expenses. ... . . . . . . . . . . . 4,477 Pre-openingexpenses 64 Relocation. store closure and lease termination costs . . . . . . . . . . 13 Operating income ............................................ 857 Interest expense ............................................. (41) Investment and other income ................................. 11 Income before income taxes .................................. 827 Provisionforincometaxes.................................... 320 Netincome $507 WHOLE FOODS MARKET INC. Balance Sheet in millions Assets Current assets Cash and cash equivalents ................................................. Short-term investments - available-for-sale securities. . ............... . ..... . Restricted cash ............................................................ Accounts receivable ....................................................... Merchandise inventories ................................................... Prepaid expenses and other current assets .................................. Deferred income taxes ............... . ........ . ............................ Total current assets ........................................................ Property and equipment, net of accumulated depreciation and amortization ..... Goodwill ..................................................................... Intangible assets. net of accumulated amortization ............................. Deferred income taxes ....................................................... Other assets ................................................................. Total assets .................................................................. Liabilities and shareholders' Equity Current liabilities Current installments of long-term debt and capital lease obligations .......... Accounts payable .......................................................... Accrued payroll. bonus and other benets due team members ................ Dividends payable ......................................................... Other current liabilities ........... . ........ . ......... . ................ . ..... Total current liabilities ...................................................... Long-term capitai lease obligations. less current instatlments ................... Deferred lease liabilities ...................................................... Other long-term Iiabiiities ..................................................... Total liabilities ................................................................ Shareholders' equity Common stock. no par value, 1,200 shares authorized; 377.0 shares issued; 313.3 shares outstanding ................................................... Common stock in treasury. at cost. 58.7 shares ................................ Accumulated other comprehensive loss ....................................... Fletained earnings ............................................................ Total shareholders' equity .................................................... Total liabilities and shareholders' equity ....................................... Required Prepare a forecasted statement of cash flows for 2017 using the indirect method. Assume the following: - Operating expenses for 2017 (such as general and administrative) include depreciation and amor- tization expense of $522 million. 2016 Actual 2,933 (2.026) (32) 2,349 3,224 $6.341 2017 Est. $15,881 10,418 5.463 4.526 64 873 (41) 11 843 312 $531 2017 Est. - The company did not dispose of or write-down any long-term assets during the year. The company paid dividends of $159 million in 2017'. L02,,34 Inc. (WFM)

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