4. Review the Balance Sheet. Calculate the Current Ratio, would you expect NIKE to have any difficulty in meeting its short term obligations? Is there anything reported on the balance sheet that appears to be out of proportion or inconsistent with previous years? NIKE, Inc. Consolidated Balance Sheets May 31, On millions) ASSETS 2018 2017 Current assets: Cash and equivalents Short-term investments 4,249 $ 3,808 996 2,371 Accounts receivable, net 3,677 3,498 Inventories 5,261 5,055 Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets, net Goodwill 1,130 1,150 16.061 15,134 4,454 3.989 285 283 154 139 Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current labities: 2,509 2,787 22,536 $ 23,259 Current portion of long-torm debt Notes payable Accounts payable Acorued labirties Income taxes payable Total current kabilities Long-term debt Deforred incomo taxos and other liablities Commitmonts and contingencios (Note 15) Redeornablo preforred stock 336 325 2,048 2,279 3,209 3,011 84 150 6,040 3,468 5,474 3,471 3,216 1,907 Shareholders' equity: Common stock at stated value: Class A convertible 329 and 329 shares outstanding Cless B- 1,272 and 1,314 shares outstanding Capital in excess of stated value Accumulated other ocomprahensive loss Retained eanings Total shareholders' equlty TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 6,384 (92) 3,517 9.812 22,636 $ 5,710 (213) 6,907 12,407 23,259 The accompanyng Notes to the Consokdtatod Firancial Statoments aro an vtegral part ol ihe statomert