Module 12 - LO3 HW Problem M12-16 (only forecast Assets)- Medtronic. Please show your formulas and how you got there.

Consolidated Balance Sheet ($ millions)		4/29/2016	4/24/2015	Forecast / Percentages	Forcasted 2017
Current Assets
Cash and Cash equipvalents		$ 2,876	$ 4,843
Investments		$ 9,758	$ 14,637
Accounts receivable		$ 5,562	$ 5,112	19.30%
Inventories		$ 3,473	$ 3,463	12%
Tax assets		$ 697	$ 1,335	2.40%
Prepaid expenses and other current assets		$ 1,234	$ 1,454	4.30%
Total Current Assets		$ 23,600	$ 30,844
Property, plant, and equipment, net		$ 4,841	$ 4,699
Goodwill		$ 41,500	$ 40,530
Other intangible assets, net		$ 26,899	$ 28,101
Long-term tax assets		$ 1,383	$ 774	4.80%
Other assets		$ 1,559	$ 1,737
Total Assets		$ 99,782	$ 106,685
				Forecasted FY2017 Net Income	$ 4,972
				Forecasted FY2017 Net Sales	$ 35,176