Go to pg 55 Analyzing Nike's Financial Statements The Consolidated Balance Sheets in Appendix B list the assets, liabilities, and shareholders' equity for Nike for 2015 and 2014. Shareholders' equity for a corporation is similar to the capital for a proprietorship because it shows the value of the company to the owners. Instructions Find the total assets, total liabilities, and total equity for Nike for 2015 and 2014. Put your answer in the form of an accounting equation. You will have to add the total current liabilities, long-term debt, deferred income taxes and other liabilities, commitments and contingencies, and redeemable preferred stock to find the total liabilities. Go to pg. 55 NIKE, Inc. Consolidated Balance Sheets + May 31, 2015 2014 31852 $ 2.072 3.358 4,337 380 1,068 15.076 3.011 2,220 2.002 3.434 3.947 355 818 13,600 2.834 131 131 2,201 21,000 $ 1.651 18,504 Ano ASSETS Currentes: Cash and equivalents Note Short-term investments (Note 6) Accounts receivable, nel Note 1) Inventories (Notes 1 and 2 Deferred income taxes (Note Prepaid expenses and other current sets Notes 6 and 17) Total current Property, plant and equipment, net Note 3) Identifiable intangible assets, net (Note 4) Goodwi Note 4 Deferred income taxes and other Notes 6 and 17 TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current Current portion of long-term debt (Note 8) Notes payable Note 7) Accounts payable Noten Accrued as Notes 5, and 17) Income ces payable Note 2 Total current abilities Long term debt Note 8) Deferred income and other No. 13 and 17) Comments and contingencies Note 10 Redeemable preferred stock Note 10 Shareholders' equity Common stock stated Note $ 7 167 1.000 2.401 107 $ 74 2.131 3.051 71 834 1,070 1.450 1.100 Go to P8 167 107 $ 74 2,131 3,961 71 6,334 1,079 1.480 2.401 432 5,027 1,100 1,544 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt (Note 8) Notes payable (Note 7) Accounts payable Note 7) Accrued abilities (Notes 5, 6 and 17) Income taxes payable (Note 9 Total current abilities Long-term debt (Note 8) Deferred income taxes and other labities Notes 6. 9. 13 and 17 Commitments and contingencies Note 16 Redeemable preferred stock (Note 10) Shareholders' equity Common stock at stated vakse (Note 11): Class A convertible - 178 and 178 shores outstanding Class B - 670 and 622 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (Note 14 Retained emings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompwyng Note to the Cold Stomater 6,773 1.246 4685 12.707 21.600 3 5.865 85 4,871 10.824 18 594 $