Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dicks cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020 (SEC, 2021). The companys financial statements did not

Dick’s cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020 (SEC, 2021). The company’s financial statements did not specifically provide its short-term and long-term investments in debt or equity of other companies. The company's focus was to invest in the company’s future growth. The areas they will focus on are in growing, relocating, and remodeling their stores. They will also invest in their online presence in the eCommerce business by developing new technologies to increase store productivity with the intention of delivering continuous improvement within the omnichannel shopping experience of their athletes. Using share repurchases and dividends, Dick’s intends on returning capital to their stockholders while potentially allocating capital to other long-term strategic investments.

Do you agree? Please explain.


Step by Step Solution

There are 3 Steps involved in it

Step: 1

Yes I dont agree with the intention Typically his intention as an investor looking longter... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

4th Edition

1119577667, 978-1119577669

More Books

Students also viewed these Accounting questions