Assume that the average amount of debt maturing over the next 5 years is $300.6 million, $101.8 million, and $103.0 million for 2020, 2019, and 2018, respectively.

1. Compute the free cash flow for 2018, 2019, and 2020.
2. Compute the cash flow adequacy ratio. Round to one decimal place.
3. Interpret Nikes free cash flow and cash flow adequacy ratio

Cash provided (used) by operations: Adjustments to reconcile net income to net cash provided (used) by operations: Amortization, impaiment and other Changes in certaln working capital components and other assets and liabilities: Increase (decrease) in accounts payable, accrued liablities, operating lease liabilies and other current and non-current liabilities Cash provided (used) by investing activities: Maturities of short-term investments Cash provided (used) by investing activities Proceeds from borrowings, net of debt issuance costs Proceeds from exercise of stock options a Net increase (decrease) in cash and equivalents CASH AND EQUIVALENTS, END OF YEAR Cash paid during the year for: Dividends declared and not paid $140 1,028 121 385