What is nike operating cash flow

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Reference no: EM132048239

Question: Prepare a 2016 income statement for Nike Inc. based on the following information: Nike had sales of $620,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $380,000 $195,000 and $65,000 respectively. In addition, the company had an interest expense of $40,000 and a tax rate of 20 percent. (Ignore any tax loss carryback or carry forward provisions.)

a) What is Nike's net income for 2016?

b) What is Nike's operating cash flow?

c) What could be the reason for the difference in (a) and (b).

Reference no: EM132048239

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