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In: AccountingFrom the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement of...From the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement of Cash flows for 2017(you prepared in Tandy #1).Calculate (and show your work) for the followingEarnings per Share (EPS)Dividends per share (DPS)Book Value per ShareNet Operating Profit after Tax (NOPAT) EBIT (1 - Taxrate)Net Operating Working Capital (NOWC) Currentassets – (Current liabilities – Notes PayableNet Plant andEquipment (NFA) Operating Capital (OC) NOWC +NFA Net Cash Flow (NCF)Operating Cash Flow (OCF)Free Cash Flow (FCF)Cash Flow from Assets (CFA)Cash Flow to Debtors (CFD)Cash Flow to Equity Holders (CFE)TANDY COMPANYYear Ending6/30/20176/30/20166/30/2015Common Stock 100,000 shares outstanding$460,000$460,000$460,000Net Receivables632,160351,200315,000Cost of Goods Sold5,528,0002,864,0002,706,000Expenses519,988358,672330,000Interest Expense136,01243,82842,500Property Plant and Equipment1,202,950491,000476,000Less Accumulated Depreciation263,160146,200127,300Income Taxes (40%)??58,64080,680Cash And Cash Equivalents7,28257,60037,500Sales6,034,0003,432,0003,300,000Accounts Payable524,160145,600166,000Notes Payable636,808200,000200,000Accrued Liabilities489,600136,000122,000Depreciation Expense116,96018,90019,800Long Term Debt723,432323,432323,432Inventory1,287,360715,200675,000Dividends11,00022,00022,000Retained Earnings32,592203,768104,748Other InformationThe firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017Net Income for 2016$87,960TANDY COMPANYYear Ending6/30/20176/30/20166/30/2015Common Stock 100,000 shares outstanding$460,000$460,000$460,000Net Receivables632,160351,200315,000Cost of Goods Sold5,528,0002,864,0002,706,000Expenses519,988358,672330,000Interest Expense136,01243,82842,500Property Plant and Equipment1,202,950491,000476,000Less Accumulated Depreciation263,160146,200127,300Income Taxes (40%)??58,64080,680Cash And Cash Equivalents7,28257,60037,500Sales6,034,0003,432,0003,300,000Accounts Payable524,160145,600166,000Notes Payable636,808200,000200,000Accrued Liabilities489,600136,000122,000Depreciation Expense116,96018,90019,800Long Term Debt723,432323,432323,432Inventory1,287,360715,200675,000Dividends11,00022,00022,000Retained Earnings32,592203,768104,748Other InformationThe firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017Net Income for 2016$87,960