Question: Quick Ratio Calculation for Nike, Inc. : Calculate the quick ratio for Nike, Inc. for the fiscal year 2023 using the following information: Current Assets

ยทQuick Ratio Calculation for Nike, Inc.:

Calculate the quick ratio for Nike, Inc. for the fiscal year 2023 using the following information:

  • Current Assets (excluding inventory): $100,000,000
  • Current Liabilities: $50,000,000

Requirement: Compute the quick ratio for Nike, Inc. and assess its ability to meet short-term liabilities using liquid assets.

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