Question: What is the Quick Ratio for Nike based on the following The following financial information is provided by Nike: Current assets =$13,696,000,000 Inventory =$3,947,000,000 Total

What is the Quick Ratio for Nike based on the following The following financial information is provided by Nike: Current assets =$13,696,000,000 Inventory =$3,947,000,000 Total assets =$18,594,000,000 Earnings Before Interest and Taxes (EBIT) =$3,680,000,000 Current liabilities =$5,027,000,000 Total liabilities =$7,770,000,000 Interest Expense =$33,000,000 Net Income =$2,693,000,000 Sales =$27,799,000,000 Shareholder's Equity =$10,824,000,000 Stock Price =$76.91 Number of Outstanding Shares =870,000,000

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