3. comment on Nike's net working capital in 2013, 2014, and 2015?

5. use the 2014 and 2015 balance sheets and Nike's 2015 income statement to construct a statemebt of cash flows. Describe Nike's operations, financing, and investment decisions.

CAMY NIKE, INC INCOME STATEMENTS (For May 31, 2013 - 2015) 15 Millions 2013 25,313 14,279 11,034 Revenue Cost of revenue 2014 27,799 15,353 12446 26534 14,067 Gross profit Operating expenses Sales, General and administrative 7.796 3.757 4312 EBITDA 4824 Depreciation and Amortization 511 3,256 3.544 619 4.205 EBIT re the 18 2.272 (136) 3.544 20 4.205 808 851 922 ompom Interest Expense Other income (expense) Earnings before taxes Income taxes Net Income from continuing operations Net income from discontinuing ops Net income 2,464 2,693 3.273 mpany 2.485 2,693 3.272 NIKE, INC BALANCE SHEETS (For May 31, 2013 - 2015) $ Millions) 2013 2014 2015 a statement Current assets 3,337 2,220 2,922 3,852 2,072 5,924 Cash and cash equivalents Short-term investments a statement 2,628 5,965 3,117 5.142 Totalcosh 3,434 3,358 nine Nike's te Receivables 3,947 14,337 3,434 389 Inventories Deferred Income taxes mine Nikes 355 308 1.968 802 15,976 13,626 13,696 Prepaid expenses Total current assets on tuent assets per plant and equipment property, plant, and equipment tomated Depreciation 6,220 5,500 6,220 13,386) 6,352 (3.341) (3,048) 54 CHAPTER 3 NIKE, INC BALANCE SHEETS For May 31, 2013 - 2015) 15 Millions) Net property, plant and equipment Goodwill Intangible assets Deferred income taxes Total non-current assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Short-term debt Accounts payable Taxes payable Accrued liabilities Other current liabilities Total current liabilities Non-current liabilities 2,452 131 382 993 3.958 17,584 4,898 2,201 5,624 18,594 21,600 178 181 2.131 290 1.572 240 3,375 3,926 5.027 402 6.334 4.079 1,210 1,292 2,502 6.428 Long-term debt Deferred taxes liabilities Total non-current liabilities Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity 1,199 1.544 2,743 7.770 2,559 8.893 5,184 5,868 4.871 6,776 5,695 4,685 FINA 11,156 17,584 10.R24 1.246 12 707 18,594 21.600 After tt La