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Current Attempt in Progress Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 7. 8. 1.
Current Attempt in Progress Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 7. 8. 1. Cash 2. Accounts receivable 3. Common stock 4 Notes payable 5. Buildings 6. Mortgage payable 9. $2.400.0 2,600.0 2.880.0 260.0 3,900.0 1,160.0 Inventory Income taxes payable Equipment Retained earnings Accounts payable $2,100.0 90.0 1,800.0 5,440.0 2,970.0 10. 11. Perform each of the following Classify each of these items as an asset, liability or stockholders equity, classification (Enter amounts in millions to 1 decimal place, es 45.5 million.) Cash Accounts receivable Assets Liability LE Stockholders' Equity Common stock Notes payable Buildings Mortgage payable Inventory Income taxes payable Equipment Equipment Retained earnings Accounts payable Assets Liability Stockholders' equity $ Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total stockholders' equity. (Enter amounts in millions up to 1 decimal place, es. 45.5 million.) Assets Liabilities Stockholders'Equity $ $ e Textbook and Media
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