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Assume that total assets, total stockholders' equity, and total common stockholders' equity at the beginning of 2 0 2 0 are $ 2 3 ,

Assume that total assets, total stockholders' equity, and total common stockholders' equity at the beginning of 2020 are $23,717 million, $9,040 million, and $9,040
million, respectively. Nike's dividends on preferred stock were $30,000(SO.03 million) in 2020 and 2021. The market price of Nike's stock at the end of its fiscal year was $98.58 in 2020 and $136.46 in 2021.

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