Question

Who is the Greek Winged Goddess of Victory? Nike, and in 1971, her wings became Nike’s “Swoosh” trademark. Phil Knight, an accounting professor and co-founder of Nike, paid Carolyn Davidson $35 to design the logo. He told her, “I don’t love it, but it will grow on me.” Start with the hyperlink to get to the 10-K. Answers to questions 1-3 are located in Item 8. All of the numbers in the financial statements for Nike are listed "in millions". The formula for ratio is located in chapter 12 of the textbook and Power Point. A correct answer to the ratio should include the correct format and two decimal places. Question 4 is extra credit.

1.)What is the amount of cash from operating activities?

2.)What is the largest single cash inflow from investing activities?

3.)What is the largest single cash outflow from financing activities?

4.)What is Current Cash Debt Coverage Ratio for the current fiscal year?

- filed, 07/25/2018

Answer 1