In April 2020, Nike filed with the SEC its quarterly 10-Q, which revealed that the company earned

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In April 2020, Nike filed with the SEC its quarterly 10-Q, which revealed that the company earned EBIT of $1.19 billion that quarter with depreciation expense of $0.51 million. Nike’s financial statements also showed the following:

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a. What was Nike’s operating cash flow (OCF)?

b. What was Nike’s net fixed asset investment (NFAI)?

c. What was Nike’s net current asset investment (NCAI)?

d. What was Nike’s free cash flow (FCF)?

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Principles Of Managerial Finance

ISBN: 9781292400648

16th Global Edition

Authors: Chad Zutter, Scott Smart

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Question Posted: Feb 29, 2024 05:00 AM

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In April 2020, Nike filed with the SEC its quarterly 10-Q, which revealed that the company earned

Question:

Current Assets Payables and Accruals Net fixed assets February 2020 $15.74 billion $8.28 billion $4.78 billion November 2019 $16.37 billion $8.26 billion $4.67 billion

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Principles Of Managerial Finance

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