exhibit a includes 2013 and 2014 year-end balance sheets and the 2014 income statement for sports-r-us corporation (a) use this information to construct the company’s 2014 statement of cash flows. (b) what was the company’s free cash flow in 2014? (c) what was the company’s return on average equity in 2014? (d) how many days’ sales in accounts receivable did the company have at the end of 2014? (e) what was the company’s debt-equity ratio at the end of 2014?

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Current Assets: Cash Accounts receivable Inventory Total Total Assets Sports-R-Us Corporation 2013 and 2014 Year-end Balance Sheets ($000s) 2013 Fixed Assets (net of accumulated depreciatio 284,410 313,650 Dividends paid in 2014 38,888 96,915 77,193 91,124 44,611 51,350 160,692 239,389 2014 Sports-R-Us Corporation 2014 Income Statement ($000s) 445,102 553,039 Revenues Cash costs and expenses Depreciation expense Earnings before interest and taxes (E Interest expense Taxable income (PBT) Income taxes Net income (PAT) 532,400 354,272 55,120 123,008 9,080 113,928 44,432 69,496 20,849 Current Liabilities: Accounts payable Accrued liabilities Total Long-term Debt Total Liabilities Common stock Retained earnings Total S/H Equity Total Liabilities and Shareholders' Equity 2013 54,200 31,902 86,102 20 42,9 37,4 80,3 80,000 120,0 166,102 200,3 445,102 64,500 89,5 214,500 263,2 279,000 352,6 553,C Current Assets: Cash Accounts receivable Inventory Total Total Assets Sports-R-Us Corporation 2013 and 2014 Year-end Balance Sheets ($000s) 2013 Fixed Assets (net of accumulated depreciatio 284,410 313,650 Dividends paid in 2014 38,888 96,915 77,193 91,124 44,611 51,350 160,692 239,389 2014 Sports-R-Us Corporation 2014 Income Statement ($000s) 445,102 553,039 Revenues Cash costs and expenses Depreciation expense Earnings before interest and taxes (E Interest expense Taxable income (PBT) Income taxes Net income (PAT) 532,400 354,272 55,120 123,008 9,080 113,928 44,432 69,496 20,849 Current Liabilities: Accounts payable Accrued liabilities Total Long-term Debt Total Liabilities Common stock Retained earnings Total S/H Equity Total Liabilities and Shareholders' Equity 2013 54,200 31,902 86,102 20 42,9 37,4 80,3 80,000 120,0 166,102 200,3 445,102 64,500 89,5 214,500 263,2 279,000 352,6 553,C

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