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Please provide work to prove the incorrect answers. Information from the balance sheet, income statement, and statement of cash flows for Nike ements. Cash provided
Please provide work to prove the incorrect answers.
Information from the balance sheet, income statement, and statement of cash flows for Nike ements. Cash provided (used) by investing activities: (c) Compute times interest earned ratio, cash from operations to total debt ratio, and free operating cash flow to total debt ratios. Financial statements included the following footnote: "Included in Interest expense (income), net was interest income related to the Company's investment portfolio of $82 million and $70 million for the years ended May 31, 2019 and 2018 , respectively." (c) Compute times Interest earned ratlo, cash from operatlons to Included the following footnote: "Included In Interest expense (I and $70 million for the years ended May 31, 2019 and 2018, res Note: Round answers to two decimal places. 2019 times Interest earned = 2018 times Interest earned = 2019 cash from operations to total debt = 2018 cash from operations to total debt = 2019 free operating cash flow to total debt = 2018 free operating cash flow to total debt =Step by Step Solution
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