Analysis and Interpretation of Return on Investment for Competitors

Balance sheets and income statements for Nike, Inc., and Adidas Group follow. Refer to these financial statements to answer the requirements.

LO$5-2,3$

Nomewort

MBC

Nike, Inc.

NYSE:: NKE

Adidas Group, AG

OTCMKTS :: ADDYY

Assets

Current assets:

Cash and cash equivalents $........$

Short$-$term investments $.....$

Accounts receivable, net......

Inventories $....$

Prepaid expenses and other current assets.

Total current assets

Property, plant, and equipment, net..

Operating lease right$-$of$-$use assets, net Goodwill and identifiable intangible assets, net Deferred income taxes and other assets

Total assets.

Liabilities and shareholders' equity

Current liabilities:

Short$-$term debt

Accounts payable $.$

Current portion of operating lease liabilities.

Accrued liabilities

Income taxes payable.

Other current liabilities

Total current liabilities $.........$

Long$-$term debt.

Operating lease liabilities

Other noncurrent liabilities

Total shareholders' equity

Total liabilities and shareholders' equity

$$

NIKE, INC.

Balance Sheets

$($$ millions$)$

May $31$

$2020$

$ $8,348$

$439$

$2,749$

$7,367$

$1,653$

$20,556$

$4,866$

$3,097$

$497$

$2,326$

$$31,342$

$

$251$

$2,248$

$445$

$5,184$

$156$

$8,284$

$9,406$

$2,913$

$2,684$

$8,055$

$$31,342$

$2019$

$ $4,466$

$197$

$4,272$

$5,622$

$1,968$

$16,525$

$4,744$

$437$

$2,011$

$$23,717$

$

$15$

$2,612$

$5,010$

$229$

$7,866$

$3,464$

$3,347$

$9,040$

$$23,717$

ADIDAS GROUP, AG

Balance Sheets $($ millions$)$

December $31$

$2019$

$2018$

$2,220$

$836$

$2,625$

$4,085$

$1,170$

$10,934$

$2,380$

$2,931$

$2,421$

$2,013$

$20,680$

$=$

$$

$43$

$2,703$

$733$

$2,437$

$618$

$2,219$

$1,795$

$2,399$

$874$

$7,058$

$20,680$

$2,629$

$548$

$2,418$

$3,445$

$773$

$9,813$

$2,237$

$2,285$

$1,277$

$15,612$

$$

$66$

$2,300$

$-$

$2,305$

$268$

$1,895$

$6,834$

$1,609$

$805$

$6,364$

$15,612$