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(Solved): Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in mil ...
Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) Calculate the debt and equity financing. (Round percentages to 0 decimal places, e.g. 52\%.) Debt \( \% \) Equity \( \% \) To what extent does Nike rely on debt versus equity financing? Nike has relied more heavily on than to finance its assets.
Expert Answer
Answer: Total Assets = Cash + Accounts Receivable + Inventory + Equipment + Buildings Total Assets = $2,400 + $3,000 + $2,100 + $1,900 + $3,900 Total Assets = $13,3