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Complete the Ratio Analysis for Nike, Inc. using the information provided in the Balance Sheets and/or Statements of Income. Balance Sheets for Nike, Inc. Fill
Complete the Ratio Analysis for Nike, Inc. using the information provided in the Balance Sheets and/or Statements of Income. Balance Sheets for Nike, Inc. Fill in the blanks on the table below. Amounts do not need the dollar sign ( $ ), whole numbers only, no decimals needed. (example 12,000) Percentages should be two decimal places and no percentage sign (\%) is needed. (example 00.00) \begin{tabular}{|c|c|c|c|} \hline GoodWIII & 223 & 154 & 154 \\ \hline Deferred income taxes and other assets & 2,326 & 2,011 & 2,509 \\ \hline TOTAL ASSETS & 31,342 & 23,717 & 22,536 \\ \hline \multicolumn{4}{|l|}{ LIABILITIES AND SHAREHOLDERS' EQUITY } \\ \hline \multicolumn{4}{|l|}{ Current Liabilities } \\ \hline Current portion of long-term debt & 3 & 6 & 6 \\ \hline Notes payable & 248 & 9 & 336 \\ \hline Accounts payable & 2,248 & 2,612 & 2,279 \\ \hline Current portion of operating lease liabilities & 445 & 0 & 0 \\ \hline Accrued liabilities & 5,184 & 5,010 & 3,269 \\ \hline Income taxes payable & 156 & 229 & 150 \\ \hline Total current liabilities & 8,284 & 7,866 & 6,040 \\ \hline Long-term debt & 9,406 & 3,464 & 3,468 \\ \hline Operating lease liabilities & 2,913 & 0 & 0 \\ \hline Deferred income taxes and other liabilities & 2,684 & 3,347 & 3,216 \\ \hline \multicolumn{4}{|l|}{ Commitments and contingencies } \\ \hline \multicolumn{4}{|l|}{ Redeemable preferred stock } \\ \hline \multicolumn{4}{|l|}{ Shareholders' equity } \\ \hline \multicolumn{4}{|l|}{ Common stock at stated value } \\ \hline \multicolumn{4}{|l|}{ Class A convertible - 329 and 353 shares outstanding } \\ \hline Class B - 1,314 and 1,329 shares outstanding & 3 & 3 & 3 \\ \hline Capital in excess of stated value & 8,299 & 7,163 & 6,384 \\ \hline Accumulated other comprehensive (loss) income & (56) & 231 & (92) \\ \hline Retained earnings & (191) & 1,643 & 3,517 \\ \hline Total shareholders' equity & 8,055 & 9,040 & 9,812 \\ \hline TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY & 31,342 & 23,717 & 22,536 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ NIKE, Inc. Consolidated Statements of Income } \\ \hline in millions & 2020 & 2019 & 2018 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ NIKE, Inc. Consolidated Statements of Income } \\ \hline \multicolumn{2}{|l|}{ in millions } & 2020 & 2019 & 2018 \\ \hline \multicolumn{2}{|l|}{ Revenues } & 37,403 & 39,117 & 36,397 \\ \hline \multicolumn{2}{|l|}{ Cost of sales } & 21,162 & 21,643 & 20,441 \\ \hline \multicolumn{2}{|l|}{ Gross Profit } & 16,241 & 17,474 & 15,956 \\ \hline \multicolumn{2}{|l|}{ Demand creation expense } & 3,592 & 3,753 & 3,577 \\ \hline \multicolumn{2}{|l|}{ Operating overhead expense } & 9,534 & 8,949 & 7,934 \\ \hline \multicolumn{2}{|l|}{ Total selling and administrative expense } & 13,126 & 12,702 & 11,511 \\ \hline \multicolumn{2}{|l|}{ Interest expense (income), net } & 89 & 49 & 54 \\ \hline \multicolumn{2}{|l|}{ Other expense (income), net } & 139 & (78) & 66 \\ \hline \multicolumn{2}{|l|}{ Income before income taxes } & 2,887 & 4,801 & 4,325 \\ \hline \multicolumn{2}{|l|}{ Income tax expense } & 348 & 772 & 2,392 \\ \hline \multicolumn{2}{|l|}{ NET INCOME } & 2,539 & 4,029 & 1,933 \\ \hline Liquidity & 2020 & 2019 & & \\ \hline \multicolumn{5}{|l|}{ Working Capital } \\ \hline \multicolumn{5}{|l|}{ Current raio } \\ \hline \multicolumn{5}{|l|}{ Quick ratio } \\ \hline \multicolumn{5}{|l|}{ Profitability } \\ \hline \multicolumn{5}{|l|}{ Asset Turnover } \\ \hline \multicolumn{5}{|l|}{ Return on total assets } \\ \hline & & 71 & & 7 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \hline Operating overhead expense & 9,534 & 8,949 & 7,934 \\ \hline Total selling and administrative expense & 13,126 & 12,702 & 11,511 \\ \hline Interest expense (income), net & 89 & 49 & 54 \\ \hline Other expense (income), net & 139 & (78) & 66 \\ \hline Income before income taxes & 2,887 & 4,801 & 4,325 \\ \hline Income tax expense & 348 & 772 & 2,392 \\ \hline NET INCOME & 2,539 & 4,029 & 1,933 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Liquidity & Qurking Capital \\ \hline Current raio & \\ \hline Profitability & \\ \hline Asset Turnover & & \\ \hline Return on total assets & \\ \hline Return on Stocholders' Equity & \\ \hline Solvency & \\ \hline Ratio of fixed assets to long-term liabilities & \\ \hline Ratio of liabilities to stocholders' equity & \\ \hline Time interst earned \end{tabular}
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