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Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activities occurred during
Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value.
- Purchased additional buildings for $168 and equipment for $260; paid $404 in cash and signed a long-term note for the rest.
- Issued 15 shares of $1 par value common stock for $880 cash.
- Declared $135 in dividends to be paid in the following year.
- Purchased additional short-term investments for $7,716 cash.
- Several Nike investors sold their own stock to other investors on the stock exchange for $84.
- Sold $4,213 in short-term investments for $4,213 in cash.
- Borrowed $6,144 from a bank; signed a note due in 20 years.
- Repurchased its common stock for $3,027 in cash.
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