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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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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