Dick?s Sporting Goods is a chain of full-line sporting goods retail stores offering a broad assortment of brand name sporting goods equipment, apparel, and footwear. Dick?s Sporting Goods had its initial public offering of shares in fiscal 2003. Since then, Dick?s Sporting Goods has grown its chain of retail stores rapidly and has acquired several other chains of retail sporting goods stores, including Golf Galaxy and Chick?s Sporting Goods in the fiscal year ending in 2008. As of the end of the fiscal year ending in 2009, Dick?s Sporting Goods operated 409 stores in 40 states of the United States. The PDF Attached presents information from the statement of cash flows and income statement for Dick?s Sporting Goods for the fiscal years ending in 2007 through 2009 (And Exhibit 12.13 is in the attachments). Dick?s Sporting Goods requires all of its cash and cash equivalents for operating liquidity and reports no interest income on the income statement. The average income tax rate for Dick?s Sporting Goods during 2007 through 2009 is 40%.

1.Dick?s Sporting Goods is a chain of full-line sporting goods retail stores offering a broad assortment of brand name sporting goods equipment, apparel, and footwear. Dick?s Sporting Goods had its initial public offering of shares in fiscal 2003. Since then, Dick?s Sporting Goods has grown its chain of retail stores rapidly and has acquired several other chains of retail sporting goods stores, including Golf Galaxy and Chick?s Sporting Goods in the fiscal year ending in 2008. As of the end of the fiscal year ending in 2009, Dick?s Sporting Goods operated 409 stores in 40 states of the United States. The PDF Attached presents information from the statement of cash flows and income statement for Dick?s Sporting Goods for the fiscal years ending in 2007 through 2009 (And Exhibit 12.13 is in the attachments). Dick?s Sporting Goods requires all of its cash and cash equivalents for operating liquidity and reports no interest income on the income statement. The average income tax rate for Dick?s Sporting Goods during 2007 through 2009 is 40%.

2.Beginning with cash flows from operating activities, calculate free cash flows for common equity shareholders for Dick?s Sporting Goods for fiscal years ending in 2007, 2008, and 2009.

3.Reconcile the amounts of free cash flows for common equity shareholders for Dick?s Sporting Goods for fiscal years ending in 2007, 2008, and 2009 with Dick?s Sporting Goods? sources of cash flows from equity shareholders.