Following are the financial statements of Nike, Inc.

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Forecast Nike's fiscal year 2009 income statement, balance sheet, and statement of cash flows; round forecasts to one-tenth \(\$\) millions. Identify all financial statement relations estimated and assumptions made; estimate forecasted income statement relations to 1 decimal (assume no change for: interest

income, other expense or income, short-term investments, notes payable, redeemable preferred stock, common stock, capital in excess of stated value, and accumulated other comprehensive income). For 2008, capital expenditures are \(\$ 449.2\) million, depreciation expense is \(\$ 303.6\) million, amortization is \(\$ 17.9\) million, and dividends are \(\$ 412.9\) million. Footnotes reveal that the current portion on long-term debt due in 2010 is \(\$ 31.3\) million. What do the forecasts imply about Nike's financing needs for the upcoming year?

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Consolidated Statements of Income Year ended May 31 (in millions) Revenues.... Cost of sales. Gross margin Selling and administrative expense Interest income, net Other (expense) income, net Income before income taxes Income taxes Net Income. 2008 2007 $18.627.0 $16,325.9 2006 $14,954.9 10,239.6 9,165.4 8.367.9 8,387.4 7,160.5 6.587.0 5,953.7 5,028.7 4.477.8 77.1 67.2 36.8 (7.9) 0.9 (4.4) 2,502.9 619.5 2,199.9 708.4 2,141.6 749.6 $ 1,883.4 $ 1.491.5 $ 1,392.0