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FINANCE ASSIGNMENT
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> <meta http-equiv="Content-Type" content="application/xhtml+xml; charset=UTF-8" /> <title> Abiword HTML Document </title> </head> <body> <div> <p style="text-align:center;margin-bottom:12.000000pt;margin-top:12.000000pt"> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">FIN 317 – HOMEWORK 7</span> </p> <p style="margin-bottom:6.000000pt;margin-top:6.000000pt"> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">You are given comparative income statements and balance sheets for Best Buy (in millions). Based on the given forecasting assumptions, prepare forecasted income statement, balance sheet, and cash flow statement for year 3. (Show your calculation like A/B=C or (A+B)/C=D etc. in given cells).</span> </p> <span></span><span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">PROJECTED INCOME STATEMENT (30 points)</span> <p> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Best Buy Income Statement</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">($ in millions)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Forecasting step</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 3 Estimate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 2</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 1</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Net sales</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">15,326</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">12,494</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Cost of goods sold</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">12,267</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">10,101</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Gross profit</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">3,059</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">2,393</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Selling, general and administrative expense</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">2,251</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,728</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Depreciation and amortization expense</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">167</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">103</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Income before tax</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">641</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">562</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Income tax expense</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">245</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">215</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Net income</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">396</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">347</span> </p> </td> </tr> </table> <p> </p> <p> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-right-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Forecasting assumptions (income statement)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Sales growth</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.2267</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Gross profit margin</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.1996</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Selling, general and administrative expense/sales</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.1469</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Depreciation expense/Gross prior year PPE</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.1528</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt;border-bottom-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Income tax expense/pretax income</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.3822</span> </p> </td> </tr> </table> <p> </p> <p> <span style="font-weight:bold"></span> </p> <span></span><span style="font-weight:bold">PROJECTED BALANCE SHEET (40 points)</span> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Best Buy Balance Sheet</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">($ in millions)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Forecasting step</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 3 Estimate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 2</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 1</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Cash</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">746</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">751</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Receivables</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">313</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">262</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Inventories</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,767</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,184</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other current assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">102</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">41</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total current assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,928</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,238</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">PPE</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,987</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,093</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accumulated depreciation</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">543</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">395</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Net PPE</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,444</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">698</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">466</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">59</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Total assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">4,838</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,995</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accounts payable</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">2,473</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,704</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Short term debt and current portion of long-term debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">114</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">16</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Income tax liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">127</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">65</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total current liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,714</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">1,785</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Long-term debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">303</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">115</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total long-term liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">303</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">115</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Common stock</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">20</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">20</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Additional paid in capital</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">576</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">247</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Retained earnings</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,225</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">828</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Shareholders' Equity</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">1,821</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">1,095</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Total liabilities and SHs' Equity</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">4,838</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,995</span> </p> </td> </tr> </table> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-right-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Forecasting assumptions (balance sheet)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accounts receivable turnover rate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">48.96</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Inventory turnover rate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">6.94</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other current assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">no change</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">CAPEX (in millions)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,262</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">no change</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accounts payable turnover rate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">4.96</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Short term debt and current portion of LT debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">no change</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Taxes payable/tax expense</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0.5184</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Long term debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">189</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Common stock</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">no change</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Additional paid in capital</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-right-width:1.00pt"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">no change</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-left-width:1.00pt;border-bottom-width:1.00pt"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Dividend payments</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:1.00pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:right;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">0</span> </p> </td> </tr> </table> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt"> </p> <p> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'"></span> </p> <span></span><span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">CASH FLOW STATEMENT PREPARATION (10 points)</span> <p style="margin-bottom:6.000000pt;margin-top:6.000000pt"> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">Based on your forecasted balance sheet and income statement, in order to be able to prepare forecasted cash flow statement in the next step,</span><span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman';color:#ff0000">for relevant accounts</span><span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">, calculate changes from Year 2 to Year 3, state whether those changes are cash inflow or outflow, and categorize them as operating, financing or investing activities (write your answers in the corresponding cells for relevant accounts).</span> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Best Buy Projected Statement of Cash Flows</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">($ in millions)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 3 Estimate</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Year 2</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Change from Year 2 to Year 3</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">cash inflow or outflow</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">operating, investing or financing</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Cash</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">746</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Receivables</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">313</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Inventories</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,767</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other current assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">102</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total current assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,928</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">PPE</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,987</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accumulated depreciation</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">543</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Net PPE</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,444</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Other assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">466</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Total assets</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">4,838</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Accounts payable</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">2,473</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Short term debt and current portion of long-term debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">114</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Income tax liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">127</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total current liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">2,714</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Long-term debt</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">303</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Total long-term liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">303</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Common stock</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">20</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Additional paid in capital</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">576</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Retained earnings</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">1,225</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-family:'Calibri';color:#000000">Shareholders' Equity</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">1,821</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt;text-indent:33.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Total liabilities and SHs' Equity</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">4,838</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> </table> <p> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'"></span> </p> <span></span> <a name="_GoBack"> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">PROJECTED CASH FLOW STATEMENT (20 points)</span> </a> <p style="margin-bottom:6.000000pt;margin-top:6.000000pt;margin-left:18.000000pt"> <span style="font-weight:bold;font-size:12pt;font-family:'Times New Roman'">Prepare the projected cash flow statement of Best Buy Company for Year 3. (write your answers in the corresponding cells) (there are more cells than you need).</span> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit"> <p> </p> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Best Buy Projected Statement of Cash Flows</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">($ in millions)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Net income</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Items to adjust income to cash flows</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Net cash flow from operations</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Net cash flow from investing activities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000">Net cash flow from financing activities</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-weight:bold;font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Net change in cash</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Beginning cash</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-top-width:inherit"> <p style="margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000">Ending cash</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-left-width:inherit;border-top-width:inherit"> <p style="text-align:center;margin-bottom:0.000000pt"> <span style="font-family:'Calibri';color:#000000"> </span> </p> </td> </tr> </table> <p style="margin-bottom:12.000000pt;margin-top:12.000000pt;margin-left:18.000000pt"> </p> </div> </body></html> ">
