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Following are the income statements and balance sheets of AutoZone Inc. mm Consolided Slatemerls of hoome $thouaands,emepttorparvalue Aug.27, 2016...


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This is all very confusing to me and Im having a lot of difficulties with this subject, if I can get any type of help with it, would be great

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Following are the income statements and balance sheets of AutoZone Inc. mm
Consolidfled Slatemerls of hoome $thouaands,emepttorparvalue Aug.27, 2016
Current assets Cash and cash equivalent $ 189,734
Accounts receivable $ film)
Merchandise inventories $ 3,631,916
Other current assets $ 130,243
Total currentassets W
Property and equipment, net $ 3,733,254
Goodwill $ 391W
Deferred income taxes $ 36,855
Other long-term assets $ 198,218
Total assets 8.599.787
Current liabilities —
Accounts payable $ 4,095,854
Aocnled expenses and other $ 551,625
Income taxes payable $ 42,841
Total current liabilities $ 4,690,320
Long-ten'n debt $ 4,924,119
Deferred income taxes $ 284,50)
Other long-term liabilities $ 488,386 Stockholders' deficit Preferred stock, authorized 1,000 shares; no shares issued Common stock, par value $0.01 per share, aulhorized 200,000 shares; 30,329 share issued and 29,1183haresmlslandng in 2016 and32,098 shares issued and 30,659 shares outstand'ng in 2015 $ 313
Additional paid-in capital $ 1,054,647
Retained deficit $(1 602,186)
Accumulated other comprehensive loss $ (307,529)
Treasury stock, at cost $ (932,773)
Total stockholders‘ deficit $(1,787,538) Liabilities and stockholders' deficit $ 8,599,787

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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. (20%) Net Sales growth 6%
Cost of sales, including warehouse and delivery expenses 47.30%
Operating, selling, general and administrative expenses 33.40%
Interest expense, net $145,000
Income tax expense (% pretax income) 35%
Accounts receivable 2.70%
Merchandise inventories 34.10%
Other current assets 1.20%
Accounts payable 38.50% Accrued expenses and
other 5.20% Income taxes payable 0.40%

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CAPEX for 2017 will be 4.6% of 2017 Net sales and depreciation will be 8.3% of
Property and equipment, net at the start of the fiscal year, which was
$3,733,254 thousand. Goodwill, Deferred income taxes, Other long-term liabilities, AOCI, and
Treasury stock will not change during the year. Other long-term assets including intangible assets. The 10-K reports that the
2017 amortization expense for intangibles will be $8,482 thousand. Long-term debt will decrease by $1,597,500 in 2017, per the 10-K. The company will continue its stock repurchases. Assume that during 2017,
AutoZone will repurchase 1 million shares at an average price of $750 per
share. The company will retire these shares and reduce Common Stock by the
par value ($0.01 per share). Assume that these shares were originally issued at
an average price of $35 per share. The company does not pay dividends.

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