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Nike's financial statements included the following footnote: Included in interest expense ( income ) , net was interest income related to the Company's investment portfolio
Nike's financial statements included the following footnote: "Included in interest expense income net was interest income related to the Company's investment portfolio of $ million and $ million for the
years ended May and respectively.
b Using the financial statement information, compute the following coverage ratios.
Identify whether each of the four ratios strengthened or weakened in the current year.
Based on these ratios, there should be
about Nike's ability to cover interest and principal payments on outstanding debt.
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