a. Forecast AutoZone's 2017 income statement and balance sheet using the following relations ($ in thousands). All percentages (other than sales growth and provision for income taxes) are based on the percent of net sales.

1-b). What does the forecasted adjustment to balance the accounting equation from part A reveal to us about the forecasted cash balance and related financing needs of the company? Explain.

2. Refer to AutoZone financial information: Prepare a forecast of FY2017 statement of cash flows.

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sands, except par value Current assets Cash and cash equivalents Accounts receivable.. Merchandise inventories Other current assets. Total current assets Property and equipment, net Goodwill.. Deferred income taxes. Other long-term assets Total assets..... AUTOZONE INC. Consolidated Balance Sheet Module 12 Financial Statement Forecasting Current liabilities Accounts payable.. Accrued expenses and other. Income taxes payable Total current liabilities.. Long-term debt Deferred income taxes. Other long-term liabilities. Stockholders' deficit Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $0.01 per share, authorized 200,000 shares; 30,329 shares issued and 29,118 shares outstanding in 2016 and 32,098 shares issued and 30,659 shares outstanding in 2015 Additional paid-in capital Retained deficit Accumulated other comprehensive loss Treasury stock, at cost... Total stockholders' deficit Liabilities and stockholders' deficit Aug. 27, 2016 $ 189,734 287,680 3,631,916 130,243 4,239,573 3,733,254 391,887 36,855 198,218 $8,599,787 $4,095,854 551,625 42,841 4,690,320 4,924,119 284,500 488,386 303 1,054,647 (1,602,186) (307,529) (932,773) (1,787,538) $8,599,787 1. Forecast AutoZone's 2017 income statement and balance sheet using the following relations ($ in thousands). All percentages (other than sales growth and provision for income taxes) are based on percent of net sales. sands, except par value Current assets Cash and cash equivalents Accounts receivable.. Merchandise inventories Other current assets. Total current assets Property and equipment, net Goodwill.. Deferred income taxes. Other long-term assets Total assets..... AUTOZONE INC. Consolidated Balance Sheet Module 12 Financial Statement Forecasting Current liabilities Accounts payable.. Accrued expenses and other. Income taxes payable Total current liabilities.. Long-term debt Deferred income taxes. Other long-term liabilities. Stockholders' deficit Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $0.01 per share, authorized 200,000 shares; 30,329 shares issued and 29,118 shares outstanding in 2016 and 32,098 shares issued and 30,659 shares outstanding in 2015 Additional paid-in capital Retained deficit Accumulated other comprehensive loss Treasury stock, at cost... Total stockholders' deficit Liabilities and stockholders' deficit Aug. 27, 2016 $ 189,734 287,680 3,631,916 130,243 4,239,573 3,733,254 391,887 36,855 198,218 $8,599,787 $4,095,854 551,625 42,841 4,690,320 4,924,119 284,500 488,386 303 1,054,647 (1,602,186) (307,529) (932,773) (1,787,538) $8,599,787 1. Forecast AutoZone's 2017 income statement and balance sheet using the following relations ($ in thousands). All percentages (other than sales growth and provision for income taxes) are based on percent of net sales.

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