Cash flow relations. The statement of cash flows for Nike, a designer and manufacturer of athletic shoes,
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Cash flow relations. The statement of cash flows for Nike, a designer and manufacturer of athletic shoes, showed a net cash inflow from operations of S917.4 million and a net cash outflow for financing of $643.3 million for Year 12. The comparative balance sheets showed a balance in cash of S575.5 million at the end of Year 1 1 and $634.0 million at the end of Year 12. Net income for Year 12 was $474.0 million. Compute the net amount of cash provided or used for investing activities for Year 12.
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Related Book For
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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