The financial statements for Nike, Inc., are provided in Appendix B at the end of the text. a. Determine the free cash flow for the most recent fiscal year. Assume that 90% of the additions to...

The financial statements for Nike, Inc., are provided in Appendix B at the end of the text.

a. Determine the free cash flow for the most recent fiscal year. Assume that 90% of the additions to property, plant, and equipment were used to maintain productive capacity. Round to the nearest thousand dollars.

b. How might a lender use free cash flow to determine whether or not to give Nike, Inc., a loan?

c. Would you feel comfortable giving Nike a loan, based on the free cash flow calculated in (a)?