Question
Please use Nike's Form 10-K to answer these - you can find it on google! 1. Nike reported total revenues of $44.5 billion for the
Please use Nike's Form 10-K to answer these - you can find it on google!
1. Nike reported total revenues of $44.5 billion for the year ending in May 31, 2021. What percentage of this amount relates to sales of footwear? (Enter your answer as a percentage without the % symbol, e.g., if your answer is 35%, enter 35)
2.How much cash did Nike collect from customers in the year ending May 31, 2021? The balance sheet shows that accounts receivable increased by $1,714 during the year, but some of that amount relates to mergers and acquisitions rather than additional credit sales. You will get the right amount of increased receivables from additional credit sales during the year by looking at the operating section of the statement of cash flows. (Enter your answer in $ millions)
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