Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Finding operating and free cash flow in April 2020, Nke fied with the S.EC. its quartery 10-Q, which revealed that the company earned NOPAT of

image text in transcribed
Finding operating and free cash flow in April 2020, Nke fied with the S.EC. its quartery 10-Q, which revealed that the company earned NOPAT of $1.84 billian that quarter with depreciation expense of $1.03 billon. Nke's financial statements also showed the following: Assume a tax rate of 21% a. What was Nike's operating cash flow (OCF)? b. What was Nike's net fixod asset imvestment (NFAI)? c. What was Nike's net current asset imwestment (NCA)? d. What was Nike's tree cash flow (FCF)? Data table (Click on the following icon Q, in order to copy its contents into a spreadsheet.) Finding operating and free cash flow in April 2020, Nke fied with the S.EC. its quartery 10-Q, which revealed that the company earned NOPAT of $1.84 billian that quarter with depreciation expense of $1.03 billon. Nke's financial statements also showed the following: Assume a tax rate of 21% a. What was Nike's operating cash flow (OCF)? b. What was Nike's net fixod asset imvestment (NFAI)? c. What was Nike's net current asset imwestment (NCA)? d. What was Nike's tree cash flow (FCF)? Data table (Click on the following icon Q, in order to copy its contents into a spreadsheet.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Financial Intelligence For IT Professionals

Authors: Karen Berman, Joe Knight, John Case

1st Edition

1422119149, 9781422119143

More Books

Students also viewed these Finance questions

Question

=+4. What might explain any differences that you identify?

Answered: 1 week ago

Question

=+2. Is there a strong collective bargaining culture in evidence?

Answered: 1 week ago