Instructions: The purpose of this exercise is to demonstrate how financial statements and footnotes are connected to one another. This is called "financial statement articulation and it derives from the most fundamental principle of accounting - the accounting equation. The exercise has a set of financial statements and selected footnotes. Several amounts are missing in each financial statement. The missing amounts are identified with a unique number in bold brackets, such as [1]. Your task is to locate the missing amounts by searching other financial statements and footnotes. Some items may a calculation by you. Use the answer sheet to record the missing amount and source for each item using the following source abbreviations: Source: Abbreviation: Source: BS Balance Sheet IS Income Statement (Statement of Operations) CI Statement of Comprehensive Income SE Statement of Shareholders' Equity CF Statement of Cash Flows FN# Footnote Number (# is the footnote number) CALC Calculated (by you) Answer Sheet: Item: Amount Source [1] [2 [3] [51 [6] [7] [8] [9] [10] [11] [12] Item: Amount Source [26] [27] [28] [291 [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47 [48] [49] [50] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] Good Food Store, Inc. Consolidated Balance Sheets (In millions) September 25 September 27. 2016 2015 Assets $ 121 [9 127 218 500 108 mi 131 122 242 517 167 151 [] [91 pij 710 74 [13] 40 (15) [8] [10] 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 Long-term investments - available-for-sale securities 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 benefits due team members Dividends payable Other current liabilities Total current liabilities Long-term capital lease obligations, less current installments Deferred lease liabilities Other long-term liabilities Total liabilities 710 79 38 [ 3 $ 307 407 43 581 1,341 [17] 640 88 (191 3 295 436 45 473 1,252 [18] 587 71 [20] Commitments and contingencies Shareholders' equity: Common stock, no par value, 1,200 shares authorized 377.0 and 377.1 shares issued: 318.3 and 348.9 shares outstanding at 2016 and 2015, respectively Common stock in treasury, at cost, 58.7 and 28.2 shares at 2016 and 2015, respectively Accumulated other comprehensive loss Retained earnings Total shareholders' equity Total liabilities and shareholders' equity [21] [23] [22] [24 [261 [281 [30] 5,741 27 29) 6,341 $ Consolidated Statements of Operations Fiscal years ended September 25, 2016, September 27, 2015 and September 28, 2014 [In millions, except per share amounts) $ Sales Cost of goods sold and occupancy costs Gross profit Selling, general and administrative expenses Pre-opening expenses Relocation, store closure and lease termination costs Operating income Interest expense Investment and other income Income before income taxes Provision for income taxes Net income 2016 15,724 $ 131 5,411 4,477 64 13 857 (41) 11 827 1331 135) $ 2015 15,389 $ (32) 5,416 4,472 67 16 861 2014 14,194 9,150 5,044 4,032 67 11 934 - 17 878 [34] [36] $ 12 946 367 579 $ Basic earnings per share Weighted average shares outstanding 135$ 326.1 1.49 $ 358.5 157 367.8 Diluted carings per share Weighted average shares outstanding, diluted basis 1.55$ 326.9 148S 360.8 1.56 370.5 Dividends declared per common share 0.54 $ 0.52 $ 0.48 2016 13715 2015 13815 2014 579 Net income Other comprehensive loss, net of tax. Foreign currency translation adjustments Other comprehensive loss, net of tax Comprehensive income (21) (21) [40] $ [39]$ (8) 571 Shares outstanding Common Common stock in stock treasury Accumulated other Total comprehensive Retained shareholders income (los) earnings equity 3724 $ 2,765 $ (153) S 3,878 11 1$ 1,265 $ [41] (8) (176) [42] (176) (13.9) (578) (578) 9 68 2,863 68 360.4 (711) [43] [45] III (186) Balances at September 29, 2013 Net income Other comprehensive loss, net of tax Dividends ($0.48 per common share) Issuance of common stock pursuant to Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Balances at September 28, 2014 Net income Other comprehensive loss, net of tax Dividends ($0.52 per common share) Issuance of common stock pursuant to team member stock plans Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Other Balances at September 27, 2015 Net income Other comprehensive loss, net of tax Dividends (S0.54 per common share) Issuance of common stock pursuant to team member stock plans Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Other Balances at September 25, 2016 2.3 (13.8) 100 (513) 11 64 II 1911 191 $1 | 12 1 | 1991 | 12 | 110 [46] (21) (186) 66 (513) 11 64 (1) 3.769 507 (4) (174) 348.9 2,904 (1.124) (1) 2,017 507 (174) 19 1.1 (31.7) 42 (944) (944) 3 49 318.3 $ 2933 $_2.026 $ (0) 32 $ 2.349 $ (1) 3.224 2016 2015 2014 $ [47] $ [18] $ 579 498 5 49 439 48 64 1 (43) 377 1 68 16 (78) 47 1 43 11 32 5 27 36 11 [19] (11) (59) 13 [50] 14 1.116 47 7 1,129 54 23 1,088 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Impairment of long-lived assets Share based payment expense LIFO expense (benefit) Deferred income tax expense (benefit) Excess tax benefit related to exercise of team member stock options Accretion of premium/discount on marketable securities Deferred lease liabilities Other Net change in current assets and liabilities: Accounts receivable Merchandise inventores Prepaid expenses and other current assets Accounts payable Accrued payroll, howus and other benefits due team members Other current liabilities Net change in other long-term liabilities Net cash provided by operating activities Cash flows from investing activities Development costs of new locations Other property and equipment expenditures Purchases of available for sale securities Sales and maturities of available-for-sale securities Purchases of intangible assets Decrease increase) in restricted cash Payment for purchase of acquired entities, net of cash acquired Other investing activities Net cash used in investing activities Cash flows from financing activities Purchases of treasury stock Common stock dividends paid Issuance of common stock Excess tax benefit related to exercise of team member stock options Proceeds from long-term borrowings Proceeds from revolving line of credit Payments on long-term debt and capital lease obligations Other financing activities Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (395) (321) (593) 431 (2) 4 (11) (8) (893 (516) (335) (494) 928 (3) (19) (4) (12) (455) (447) (263) (720 1054 (20) (73) (17 (484) (513) (184) 66 11 (578) (170) 42 (944) (177) 19 4 999 300 (306) (8) (113) 6 114 237 351 $ (1) (1) (622) (5) 47 190 237S (698) (6) (100) 290 190 $ Supplemental disclosure of cash flow information: Federal and state income taxes paid Interest paid 383 S 429 377 $ 27 $ Selected footnotes to the financial statements: (4) Investments The Company holds investments primarily in marketable securities that are classified as either short or long term available for-sale securities. The Company held the following investments at fair value as of the dates indicated (in millions) September 25, September 27, 2016 2015 Short-term marketable securities - available-for-sale: Asset backed securities 10 Certificates of deposit Commercial paper 30 Corporate bonds 15 Municipal bonds Variable rate demand notes 323 Total short-term marketable securities 3795 155 Long-term marketable securities available for sale Asset-backed securities Corporate bonds 15 Municipal bonds Total long-term marketable securities 2 26 128 45 63 Lund Buildings and leasehold improvements Capitalized real estate leases Fixtures and equipment Construction in progress and equipment not yet in service Property and equipment, Tos Les accumulated depreciation and amortization Property and equipment, net of accumulated depreciation and amortization September 25, September 27, 2016 2015 161 3 151 3,390 3,116 80 81 2,499 2,330 284 176 6,414 5,854 2.972) 3.691) 3,442 5 3,163 (%) Senior Notes On December 3, 2015, the Company completed the offering of $1.0 billions of 5.25 senior notes due 2025 (the "Notes). The Notes were offered in the United States to qualified institutional buyers parruant to Rule 144A under the Securities Act of 1933, 23 amanded (the "Securities Ac), and outside the United States pursuant to Regulation under the Securities Act. Subsequent to fiscal year 2016, the Company commenced a registered exchange offer to exchange the Notes for new notes that are identical in all material respects to the Notes, except that the new notes have been registered under the Securities Act. The exchange of expired on October 28, 2016 and approximately 99.1% of the Notes were exchanged. The Notes that were not exchanged have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an upplicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act of any state securities laws. The Notes bear interest at a fixed rate equal to 5.29 per year, payable semiannually, and mature on December 3, 2025. The interest rate payable on the Notes is subject to adjustment upon the occurrence of certain credit rating events described in the indenture. The Notes are guaranteed on an unsecured, subordinated basis by certain subsidiaries of the Company The Notes are subject to customary covenants restricting the Company's and its bis abilit, subject to certain exceptions, to incur debt secured by liens or to tinde sale and leaseback transactions and restricting the Company's ability to merge or consolidate with another entity or sell substantially all of its assets to another person. On crafter September 3, 2025, the Company may redeem the Notes at the Company's option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon. The components of long-term debt 25 of the dates indicated were as follows (in millions). September 25. September 27, 2016 2015 5.25 senior notes due 2025 $ 1.000 Les amortized discount and debt issuance costs related to senior stes 0 Carrying valae of senior notes 999 Capital lease obligations 53 Total long-term debt and capital lease obligations 1,051 Less: current installments 3) Total long term debt and capital lease obligations, less current installments 1,0485 62 Ploele (11) Income Taxes Components of income tax expense for the fiscal years indicated were as follows (in millions 2016 233 5 52 e 274 41 2015 310 5 76 Current federal income tax Current state income tax Current foreign income Total current tar Deferred federal income tax 2014 359 82 2 443 (66) 385 (40) (10) Deferred tate income tax Deferred foreign income tax Total de ferred tax Total income tax expense (3) 46 320 $ Eglee ali $ 367 331 Actual income tax expense for the fiscal years indicated differed from the amount computed by applying statutory corporate Income tax rates to income before income taxes as follows (in millions): 2016 2015 2014 Federal income tax based on statutory rates 5 2893 3075 Increase (reduction) in income taxes resulting from Tax-exempt interest (1) (1) Excess charitable contributions (10) Federal income tax credits (4) Other Det 10 Total federal income taxes 285 296 State income taxes, net of federal income tax benefit 39 48 Tax impact of foreign operations Total income tax expense 320 5 367 |-|E || Current income taxes receivable was not material at September 25, 2016 or September 27, 2015 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows (in millions): September 25, September 27, 2016 2015 Deferred tax assets: Compensation-related cons 3 2155 207 Insurance-related costs 60 39 Inventories 3 2 Lease and other termination accruals 10 11 Lease begotiation legal fees 7 6 Rent differential 189 170 Tax basis of fixed assets inces of financial basis Net domestic and international operating loss carryforwards 14 23 Other 13 9 Gross deferred tax assets 521 495 Valuation allowance (23) 85 Deferred tax assets 498 Deferred tax liabilities Financial basis of fixed assets in a cost of tax basis (197) (117) Capitalized costs expensed for tas purposes (4) (3) Deferred tax liabilities (201) 020) Net deferred tax asset 2975 343 463 Deferred taxes have been classified on the Consolidated Balance Sheets as follows (in millions): September 25, September 27, 2016 2015 Current assets $ 1975 199 Noncurrent assets 100 144 Net deferred tax asset $ 2975 343 Instructions: The purpose of this exercise is to demonstrate how financial statements and footnotes are connected to one another. This is called "financial statement articulation and it derives from the most fundamental principle of accounting - the accounting equation. The exercise has a set of financial statements and selected footnotes. Several amounts are missing in each financial statement. The missing amounts are identified with a unique number in bold brackets, such as [1]. Your task is to locate the missing amounts by searching other financial statements and footnotes. Some items may a calculation by you. Use the answer sheet to record the missing amount and source for each item using the following source abbreviations: Source: Abbreviation: Source: BS Balance Sheet IS Income Statement (Statement of Operations) CI Statement of Comprehensive Income SE Statement of Shareholders' Equity CF Statement of Cash Flows FN# Footnote Number (# is the footnote number) CALC Calculated (by you) Answer Sheet: Item: Amount Source [1] [2 [3] [51 [6] [7] [8] [9] [10] [11] [12] Item: Amount Source [26] [27] [28] [291 [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47 [48] [49] [50] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] Good Food Store, Inc. Consolidated Balance Sheets (In millions) September 25 September 27. 2016 2015 Assets $ 121 [9 127 218 500 108 mi 131 122 242 517 167 151 [] [91 pij 710 74 [13] 40 (15) [8] [10] 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 Long-term investments - available-for-sale securities 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 benefits due team members Dividends payable Other current liabilities Total current liabilities Long-term capital lease obligations, less current installments Deferred lease liabilities Other long-term liabilities Total liabilities 710 79 38 [ 3 $ 307 407 43 581 1,341 [17] 640 88 (191 3 295 436 45 473 1,252 [18] 587 71 [20] Commitments and contingencies Shareholders' equity: Common stock, no par value, 1,200 shares authorized 377.0 and 377.1 shares issued: 318.3 and 348.9 shares outstanding at 2016 and 2015, respectively Common stock in treasury, at cost, 58.7 and 28.2 shares at 2016 and 2015, respectively Accumulated other comprehensive loss Retained earnings Total shareholders' equity Total liabilities and shareholders' equity [21] [23] [22] [24 [261 [281 [30] 5,741 27 29) 6,341 $ Consolidated Statements of Operations Fiscal years ended September 25, 2016, September 27, 2015 and September 28, 2014 [In millions, except per share amounts) $ Sales Cost of goods sold and occupancy costs Gross profit Selling, general and administrative expenses Pre-opening expenses Relocation, store closure and lease termination costs Operating income Interest expense Investment and other income Income before income taxes Provision for income taxes Net income 2016 15,724 $ 131 5,411 4,477 64 13 857 (41) 11 827 1331 135) $ 2015 15,389 $ (32) 5,416 4,472 67 16 861 2014 14,194 9,150 5,044 4,032 67 11 934 - 17 878 [34] [36] $ 12 946 367 579 $ Basic earnings per share Weighted average shares outstanding 135$ 326.1 1.49 $ 358.5 157 367.8 Diluted carings per share Weighted average shares outstanding, diluted basis 1.55$ 326.9 148S 360.8 1.56 370.5 Dividends declared per common share 0.54 $ 0.52 $ 0.48 2016 13715 2015 13815 2014 579 Net income Other comprehensive loss, net of tax. Foreign currency translation adjustments Other comprehensive loss, net of tax Comprehensive income (21) (21) [40] $ [39]$ (8) 571 Shares outstanding Common Common stock in stock treasury Accumulated other Total comprehensive Retained shareholders income (los) earnings equity 3724 $ 2,765 $ (153) S 3,878 11 1$ 1,265 $ [41] (8) (176) [42] (176) (13.9) (578) (578) 9 68 2,863 68 360.4 (711) [43] [45] III (186) Balances at September 29, 2013 Net income Other comprehensive loss, net of tax Dividends ($0.48 per common share) Issuance of common stock pursuant to Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Balances at September 28, 2014 Net income Other comprehensive loss, net of tax Dividends ($0.52 per common share) Issuance of common stock pursuant to team member stock plans Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Other Balances at September 27, 2015 Net income Other comprehensive loss, net of tax Dividends (S0.54 per common share) Issuance of common stock pursuant to team member stock plans Purchase of treasury stock Tax benefit related to exercise of team member stock options Share-based payment expense Other Balances at September 25, 2016 2.3 (13.8) 100 (513) 11 64 II 1911 191 $1 | 12 1 | 1991 | 12 | 110 [46] (21) (186) 66 (513) 11 64 (1) 3.769 507 (4) (174) 348.9 2,904 (1.124) (1) 2,017 507 (174) 19 1.1 (31.7) 42 (944) (944) 3 49 318.3 $ 2933 $_2.026 $ (0) 32 $ 2.349 $ (1) 3.224 2016 2015 2014 $ [47] $ [18] $ 579 498 5 49 439 48 64 1 (43) 377 1 68 16 (78) 47 1 43 11 32 5 27 36 11 [19] (11) (59) 13 [50] 14 1.116 47 7 1,129 54 23 1,088 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Impairment of long-lived assets Share based payment expense LIFO expense (benefit) Deferred income tax expense (benefit) Excess tax benefit related to exercise of team member stock options Accretion of premium/discount on marketable securities Deferred lease liabilities Other Net change in current assets and liabilities: Accounts receivable Merchandise inventores Prepaid expenses and other current assets Accounts payable Accrued payroll, howus and other benefits due team members Other current liabilities Net change in other long-term liabilities Net cash provided by operating activities Cash flows from investing activities Development costs of new locations Other property and equipment expenditures Purchases of available for sale securities Sales and maturities of available-for-sale securities Purchases of intangible assets Decrease increase) in restricted cash Payment for purchase of acquired entities, net of cash acquired Other investing activities Net cash used in investing activities Cash flows from financing activities Purchases of treasury stock Common stock dividends paid Issuance of common stock Excess tax benefit related to exercise of team member stock options Proceeds from long-term borrowings Proceeds from revolving line of credit Payments on long-term debt and capital lease obligations Other financing activities Net cash used in financing activities Effect of exchange rate changes on cash and cash equivalents Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (395) (321) (593) 431 (2) 4 (11) (8) (893 (516) (335) (494) 928 (3) (19) (4) (12) (455) (447) (263) (720 1054 (20) (73) (17 (484) (513) (184) 66 11 (578) (170) 42 (944) (177) 19 4 999 300 (306) (8) (113) 6 114 237 351 $ (1) (1) (622) (5) 47 190 237S (698) (6) (100) 290 190 $ Supplemental disclosure of cash flow information: Federal and state income taxes paid Interest paid 383 S 429 377 $ 27 $ Selected footnotes to the financial statements: (4) Investments The Company holds investments primarily in marketable securities that are classified as either short or long term available for-sale securities. The Company held the following investments at fair value as of the dates indicated (in millions) September 25, September 27, 2016 2015 Short-term marketable securities - available-for-sale: Asset backed securities 10 Certificates of deposit Commercial paper 30 Corporate bonds 15 Municipal bonds Variable rate demand notes 323 Total short-term marketable securities 3795 155 Long-term marketable securities available for sale Asset-backed securities Corporate bonds 15 Municipal bonds Total long-term marketable securities 2 26 128 45 63 Lund Buildings and leasehold improvements Capitalized real estate leases Fixtures and equipment Construction in progress and equipment not yet in service Property and equipment, Tos Les accumulated depreciation and amortization Property and equipment, net of accumulated depreciation and amortization September 25, September 27, 2016 2015 161 3 151 3,390 3,116 80 81 2,499 2,330 284 176 6,414 5,854 2.972) 3.691) 3,442 5 3,163 (%) Senior Notes On December 3, 2015, the Company completed the offering of $1.0 billions of 5.25 senior notes due 2025 (the "Notes). The Notes were offered in the United States to qualified institutional buyers parruant to Rule 144A under the Securities Act of 1933, 23 amanded (the "Securities Ac), and outside the United States pursuant to Regulation under the Securities Act. Subsequent to fiscal year 2016, the Company commenced a registered exchange offer to exchange the Notes for new notes that are identical in all material respects to the Notes, except that the new notes have been registered under the Securities Act. The exchange of expired on October 28, 2016 and approximately 99.1% of the Notes were exchanged. The Notes that were not exchanged have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an upplicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act of any state securities laws. The Notes bear interest at a fixed rate equal to 5.29 per year, payable semiannually, and mature on December 3, 2025. The interest rate payable on the Notes is subject to adjustment upon the occurrence of certain credit rating events described in the indenture. The Notes are guaranteed on an unsecured, subordinated basis by certain subsidiaries of the Company The Notes are subject to customary covenants restricting the Company's and its bis abilit, subject to certain exceptions, to incur debt secured by liens or to tinde sale and leaseback transactions and restricting the Company's ability to merge or consolidate with another entity or sell substantially all of its assets to another person. On crafter September 3, 2025, the Company may redeem the Notes at the Company's option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon. The components of long-term debt 25 of the dates indicated were as follows (in millions). September 25. September 27, 2016 2015 5.25 senior notes due 2025 $ 1.000 Les amortized discount and debt issuance costs related to senior stes 0 Carrying valae of senior notes 999 Capital lease obligations 53 Total long-term debt and capital lease obligations 1,051 Less: current installments 3) Total long term debt and capital lease obligations, less current installments 1,0485 62 Ploele (11) Income Taxes Components of income tax expense for the fiscal years indicated were as follows (in millions 2016 233 5 52 e 274 41 2015 310 5 76 Current federal income tax Current state income tax Current foreign income Total current tar Deferred federal income tax 2014 359 82 2 443 (66) 385 (40) (10) Deferred tate income tax Deferred foreign income tax Total de ferred tax Total income tax expense (3) 46 320 $ Eglee ali $ 367 331 Actual income tax expense for the fiscal years indicated differed from the amount computed by applying statutory corporate Income tax rates to income before income taxes as follows (in millions): 2016 2015 2014 Federal income tax based on statutory rates 5 2893 3075 Increase (reduction) in income taxes resulting from Tax-exempt interest (1) (1) Excess charitable contributions (10) Federal income tax credits (4) Other Det 10 Total federal income taxes 285 296 State income taxes, net of federal income tax benefit 39 48 Tax impact of foreign operations Total income tax expense 320 5 367 |-|E || Current income taxes receivable was not material at September 25, 2016 or September 27, 2015 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows (in millions): September 25, September 27, 2016 2015 Deferred tax assets: Compensation-related cons 3 2155 207 Insurance-related costs 60 39 Inventories 3 2 Lease and other termination accruals 10 11 Lease begotiation legal fees 7 6 Rent differential 189 170 Tax basis of fixed assets inces of financial basis Net domestic and international operating loss carryforwards 14 23 Other 13 9 Gross deferred tax assets 521 495 Valuation allowance (23) 85 Deferred tax assets 498 Deferred tax liabilities Financial basis of fixed assets in a cost of tax basis (197) (117) Capitalized costs expensed for tas purposes (4) (3) Deferred tax liabilities (201) 020) Net deferred tax asset 2975 343 463 Deferred taxes have been classified on the Consolidated Balance Sheets as follows (in millions): September 25, September 27, 2016 2015 Current assets $ 1975 199 Noncurrent assets 100 144 Net deferred tax asset $ 2975 343