Refer to the Whole Foods Market, Inc., financial information from Exercise 11-26. Prepare a forecast of its fiscal year 2014 statement of cash flows.

Q11-26

Following are the income statement and balance sheet of Whole Foods Market, Inc.

a. Forecast Whole Foods Market's 2014 income statement and balance sheet using the following relations (\$ in millions).

b. What does the forecasted adjustment to balance the accounting equation from part a$$ reveal to us about the forecasted financing needs of the company?

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Income Statement, For Years Ended (in millions) Sales.... Cost of goods sold and occupancy costs. Gross profit.... Direct store expenses. General and administrative expenses Pre-opening expenses. Relocation, store closures and lease termination costs... Operating income... Interest expense.. Investment and other income. Income before income taxes Provision for income taxes. Net income... 2013 2012 $12,917 $11,699 8,288 7,543 4,629 3,285 397 52 12 883 - $ 551 11 894 343 4,156 $466 2,983 372 47 10 744 - 8 752 286 $343 2011 $10,108 6,571 3,537 2,629 311 41 8 548 (4) 8 552 209