Question
Nike's financial information for 2019 follows: Nike Inc Statement of Income For the year ended May 31, 2019 Revenues $ 39,117 Cost of goods sold
Nike's financial information for 2019 follows: Nike Inc Statement of Income For the year ended May 31, 2019 Revenues $ 39,117 Cost of goods sold 21,643 Gross Profit 17,474 Operating Overhead expense Depreciation $ 705 Other operating expenses 11,997 Total operating overhead expense . 12,702 Income from operations $ 4,772 The consolidated balance sheet follows: Nike, Inc. Consolidated Balance Sheets May 31,2019 2019 2018 Assets Current Assets: Cash & Equivalents $ 4,466 $ 4,249 Short-term investments 197 996 Accounts receivable, net 4,272 3,498 Inventories 5,622 5,261 Prepaid expenses and other current assets 1,968 1,130 Total Current Assets 16,525 15,134 PPE, net 4,744 4,454 Identifiable intangible assets, net 283 285 Goodwill 154 154 Deferred income taxes and other assets 2,011 2,509 Total Assets $ 23,717 $ 22,536 Liabilities & Stockholders' Equity Current Liabilities Current portion of long-term debt $ 6 $ 6 Notes payable 9 336 Accounts payable 2,612 2,279 Accrued liabilities 5,010 3,269 Income taxes payable 229 150 Total Current liabilities 7,866 6,040 Long-term debt 3,464 3,468 Deferred income taxes and other liabilities 3,347 3,216 Total Liabilities 14,677 12,724 Common Stock at stated value Class B -- 1,253 and 1,272 shares outstanding 3 3 Capital in excess of stated value 7,163 6,384 Accumulated other comprehensive income (loss) 231 (92) Retained Earnings 1,643 3,517 Total Stockholders' Equity 9,040 9,812 Total Liabilities & Stockholders' Equity $ 23,717 $ 22,536 Required: Based on the above information, complete the operating activities section of the statement of cash flows.
complete the operating activities section of the statement of cash flows for Nike, Inc., in good form.
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