Calculating and interpreting short-term liquidity ratios. Data taken from the financial statements of Nike, a designer and

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Calculating and interpreting short-term liquidity ratios. Data taken from the financial statements of Nike, a designer and manufacturer of athletic footwear and apparel, appear as follows (amounts in millions):

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a. Compute the current and quick ratios on December 31 of each year.

b. Compute the cash flow from operations to current liabilities ratio and the accounts receivable, inventory, and accounts payable turnover ratios for Year 6, Year 7, and Year 8.

c. How has the short-term liquidity risk of Nike changed during the three-year period?

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