Question: m . Why does Nike adjust net income by subtracting increases in inventory and adding decreases in inventory when calculating cash flow from operations? n

m. Why does Nike adjust net income by subtracting increases in inventory and adding decreases in inventory when calculating cash flow from operations?
n. When calculating cash flow from operations, why does Nike adjust net income by adding increases and subtracting decreases in accounts payable?
o. Cash flow from operations exceeded net income during fiscal 2015, but not during fiscal 2016. Why? What caused the big drop in cash flows provided by operations from 2015 to 2016?
p. What were Nikes primary financing activities during these three years?

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