Dicks cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020
Question:
Dick’s cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020 (SEC, 2021). The company’s financial statements did not specifically provide its short-term and long-term investments in debt or equity of other companies. The company's focus was to invest in the company’s future growth. The areas they will focus on are in growing, relocating, and remodeling their stores. They will also invest in their online presence in the eCommerce business by developing new technologies to increase store productivity with the intention of delivering continuous improvement within the omnichannel shopping experience of their athletes. Using share repurchases and dividends, Dick’s intends on returning capital to their stockholders while potentially allocating capital to other long-term strategic investments.
Do you agree? Please explain.
Expert Answer:
Yes I dont agree with the intention Typically his intention as an investor looking longter... View the full answer
