Following are the income statement and balance sheet for All Things Sports , Inc . All Things Sports , Inc . CONSOLIDATED STATEMENTS OF OPERATIONS Actual Actual Estimate* FY 2014 FY 2015 FY 2016 Net sales 5 6, 814 , 479| 57 , 270. 965| 57, 563, 597 Cost of goods sold , including occupancy and distribution costs 4 , 727 , 813 5, 088, 078\\ 5, 318, 536 GROSS PROFIT 2, 086, 656 2, 182 , 887\\ 2 , 345 , 061 Selling , general and administrative expenses 1, 502, 089 1 , 513 , 075 1 , 708, 982 Pre- opening expenses 30. 518 34, 620 38 , 318 INCOME FROM OPERATIONS 554, 059 535, 192 597, 761 Interest expense* 3 , 215 4, 012 4 , 238 Other ( income ) expense* 15, 170) 305 15, 235 ) INCOME BEFORE INCOME TAXES 556, 014 530. 875\\ 595, 758\\ Provision for income taxes* 211 , 816 200 , 484 225, 624 NET INCOME 344, 198 3:30 , 391 374, 134 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING :` Basic 1 19 , 244 115 , 230 112 , 730 Current Stock Price ( Market ) = $46.00All Things Sports , Inc . CONSOLIDATED BALANCE SHEET FY 2015 FY ZONE ASSETS CURRENT ASSETS` Cash and cash equivalents $ 173. 935{ Accounts receivable , ne* $1. 3.95 TE, 5.35 Income takes receivable* 5.432 7. BEA Inventories , net* 1.527. 187 Prepaid Expenses and other current assets 3.9, 740 \\2. 7:32 Total current assets 1. 872, 6.50 1. BED BYE Property and Equipment , at cost 2. EES, 374 3.035, 374 Accumulated depreciation* 1 1.317. 4291 11.448. 4201) Property and equipment , net* 1.347. 8:5.5 I. E:35, 8.94 Long term investments in securities 109, 440 170.35.4 Goodwill 2010.5.94 2010.5.94 OTHER ASSETS: Deferred income toHE'S 5. 165 7. BB4 Other 3:2.562 $4. 300 Total other assets* B.B. 727 TOTAL ASSETS $3.55.9, 735| $3.5010. 522 LIABILITIES AND STOCKHOLDERS' EQUITY* CURRENT LIABILITIES:` Accounts payable* ETT, BE4\\ $ $ 705 , 051 Accrued EHPENISES* 289, 217 :52.525 Deferred revenue and other liabilities 18:4, 386 191.590 Income takes payable 39, 8:35 45. 9:32 Current portion of other long-term debt and leasing obligations 58.5 58.9 Total current liabilities* 1. 197, 575 1. 295, 737\\ LONG - TERM LIABILITIES` Other long - tenn debt and leasing obligations* 5. 324 5, 524 Bond = payable* 5. 454 8. 453 Deferred revenue and other liabilities* 5.98. 861 Totallong - term liabilities 578, 474 512. 938 Total Liabilities* 1. 770. 145 1.408, 575 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY : Common stock , par value $0. 07 per share BED Class Bcommon stock , parvalue , $0. 07 per share* 249 28.3 Additional paid- in capital 1.063, 705 1. [173 , BOB Fletained earnings 1.737, 214\\ 2.015, 250 Accumulated other comprehensive lloss/ income* ( 17.91 5, 23.3 Treasury stock , at cost* 17. 012.571 1\\ 17.03. 485) Total stockholders' equity 1. 789, 187\\ 1.9:57, 947\\ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY* $3.559, 3:35 13.5010,522Complete the following for All Things Sports , INC. Assume a federal and state statutory tax rate of 39%. Effective tax rate 2015 Basic Earnings per share 2016 NOA 2015 NOA ZO16 NOPAT 2015 Cash dividends per share ( round to two decimal places ) - 2015 NINE 2015 ANDA 2016 ROLE 2016 NINO 2015 NINO 2016 FLEV Z016 NNEP 2015 SPREAD 2016 P / B P/E Market cap Numbers ( dollars ) should be rounded to 1 decimal place le.B. . 12, 345 . 1 1 in your final answer EXCEPT for Dividends per share* Percentages should be rounded to A decimal places ( E. B. . 5. 239) in your final answerBelow is selected information for All Things Sports, Inc. All Things Sports, Inc. Income Statement 2016A 2017E 2018E 2019E Total Revenue 7,663,597 Year over year growth 5.00% 4.00% 3.00% Expenses COGS 5,318,536 COGS as a % of Revenue 68.5% 68.5% 68.5% Gross Margin Selling, general, and administrative 1,577,991 SGA as % of Revenue 20.0% 20.0% 20.0% Pre-opening expenses 38,318 Pre-opening as % of Revenue 5% .5% 5% EBITDA Depreciation & Amortization 13,991 D&A as % of Revenue 1.70% 1.70% 1.70% EBIT Balance Sheet 2016A 2017E 2018E 2019E Capital Expenditures 420,000 CAPEX as a % of Revenue 4.5% 4.5% 4.5% Net Operating Working Capital 437,970 NOWC as a % of Revenue 5.5% 5.5% 5.5% At this point, you do NOT need to round the numbers.Other information ! WALL IS 6. 50196 Projected tax rate is 3936\\ Long run growth rate is 2.5%6\\ Number of shares outstanding = 112 , 730 ( as shown on spreadsheet !* Debt = 514 , 565 Required :` Complete the information for each line item using percent of sales . Calculate the company's value per share as of FYZOLE using the discounted cash flow model of free cash flows Summed Present Value of FCFS Present Value of Continuing Value* Implied Enterprise Value* EV with Mid - Year Adjustment* Value of Equity Value per share Terminal Multiple* All values above should be rounded to O decimal points except value per share , which should be rounded to 2 decimal places* Terminal Multiple should be rounded to 1 decimal place