apply those ratios to analyze this company further financial position and provide clear interpretation on each ratio.

Days Accounts Payable Liabilities to Asset Ratio Liabilities to Shareholders Equity Ratio Long Term Debt Ratio to Long-Term Capital Ratio Operating Cash Flow to Total Liabilities Ratio Interest Coverage Ratio

EXHIBIT 1.31 Consolidated Balance Sheet for Nike (amounts in millions) Case 1.2 As of Fiscal Year-End May 31 2007 ASSETS Current Assets Cash and equivalents 1,856.7 Short-term investments 990.3 Accounts receivable 2,494.7 Inventories 2,121.9 Prepaid expenses and other assets 393.2 Deferred income taxes, net 219.7 Total Current Assets 8,076.5 Property and equipment, gross 3,619.1 (1,940.8) Accumulated depreciation Property and equipment, net 1,678.3 Identifiable intangible assets 409.9 Goodwill 130.8 Deferred income taxes and other assets 392.8 Total Assets $10,688.3 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Current portion of long-term debt 30.5 Notes payable 100.8 Accounts payable 1,040.3 Accrued liabilities 1,303.4 Income taxes payable 109.0 Total Current Liabilities 2,584.0 Long-term debt 409.9 Deferred taxes and other long-term liabilities 668.7 Total Liabilities 3,662.6 Redeemable preferred stock 0.3 Common Shareholders' Equity Common stock 2.8 Capital in excess of stated value 1,960.0 Retained earnings 4,885.2 Accumulated other comprehensive income Total Common Shareholders' Equity 7,025.4 Total Liabilities and Shareholders' Equity $10,688.3 2008 2,133.9 642.2 2,795.3 2,438.4 602.3 227.2 8,839.3 4,103.0 (2,211.9) 1,891.1 743.1 448.8 520.4 $12,442.7 6.3 1,287.6 1,761.9 88.0 3,321.5 441.1 854.5 4,617.1 0.3 2.8 2,497.8 5,073.3 251.4 7,825.3 $12,442.7 2009 2,291.1 1,164.0 2,883.9 2,357.0 765.6 272.4 9,734.0 4,255.7 (2,298.0) 1,957.7 467.4 193.5 897.0 $13,249.6 32.0 342.9 1,031.9 1,783.9 86.3 3,277.0 437.2 842.0 4,556.2 0.3 2.8 2,871.4 5,451.4 367.5 8,693.1 $13,249.6