Created in 1964, Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. DATE Balance Sheet (Annual) Assets (Annual) Cash and Equivalents Short Term Investments Accounts Receivable Other Receivables Inventories Other Current Assets Total Current Assets Net PP&E Goodwill and Intangibles Other Long Term Assets Total Long Term Assets Total Assets Liabilities (Annual) Accounts Payable Other Payables Accrued Expenses Current Debt & Capital Lease Obligation Other Current Liability Total Current Liabilities Non-Current Portion of LTD and Capital Lease Obligation Non Current Deferred Liability Other Long Term Liabilities Total Long Term Liabilities Total Liabilities Shareholder's Equity (Annual) Total Capital 5 Retained Earnings Additional Paid In Capital Treasury Stock Preferred Stock Unrealized Gain or Loss - Total Minimum Pension Liabilities Adjustments for Foreign Currency Translation Other Equity Adjustments Accrued Comprehensive Inc Noncontrolling Interest Shareholders Equity CY2016 3138 2319 3241 0 4838 1489 15025 3520 412 2422 6354 21379 2191 515 1004 45 1603 5358 1993 1770 0 3763 9121 4151 7786 0 0 0 0 0 0 318 0 12258 CY2017 3808 2371 3677 0 5055 1150 16061 3989 422 2787 719 23259 2048 580 1080 331 1435 5474 3471 1907 0 5378 10852 3 6907 5710 0 0 0 0 0 0 (213) 0 12407 CY2018 4249 996 3498 0 5261 1130 15134 4454 439 2509 7402 22536 2279 694 1176 342 1549 6040 3468 3216 0 6684 12724 3517 6384 0 0 0 0 0 0 (92) 0 9812 CY2019 4466 197 4272 0 5622 1968 16525 4744 437 2011 7192 23717 2612 809 1215 15. 3215 7866 3464 3347 0 6811 14677 1643 7163 0 0 0 0 0 0 231 0 9040 CY2020 8348 439 2749 0 7367 1653 20556 7963 497 2326 10786 31342 2248 742 1038 696 3560 8284 12319 2684 0 15003 23287 (191) 8299 0 0 0 0 0 0 (56) 0 8055 Perform a vertical analysis of Nike's balance sheets from 2016 through 2020. What are you learning from your analysis?