(in millions) ASSETS Current Assets Cash and equivalents NIKE, Inc. Consolidated Balance Sheets 2019 2018 8,348 4,400 4.249 Short term investments 439 197 996 Accounts receivable, net 2,749 4,272 14 7,367 5,622 5.261 Prepaid expenses and other current assets 1,453 1,568 1.130 Total Current Assets 20.556 16,525 15,134 Property, plant and equipment; net 4,366 4,44 4,454 Operating lease right-of-use assets, net 3,097 0 Identifiable intangible assets, net 274 283 285 Goodwill 223 154 154 Deferred income taxes and other assets 2.326 2,011 2.509 TOTAL ASSETS 33,342 23,717 22,536 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Current portion of long-term debt 3 Notes payable 248 9 336 Accounts payable 2,340 2,412 2,279 Current portion of operating lease liabilities 445 0 Accrued liabilities 5,010 3,269 Income taxes payable 256 229 150 Totalcument liabilities 8,294 7,306 6.000 NIKE, Inc. Consolidated Statements of Income Long-term debt 9,406 3,464 3,468 Operating lease abilit 2,503 0 Deferred income taxes and other liabilities 2104 3,347 3,216 mon 2020 2019 2008 Commitments and contingencies Revenues 37,403 39,117 36.357 Redeemable preferred stock Cost of sales 21,362 21,643 20,441 Shareholders' equity Gross Profit 38,343 17,4M 25.956 Common stock at stated value Demand creation expense 3,592 3,753 3.577 Class A convertible-329 and 353 shares outstanding Operating overhead expense 9,534 7,904 Class B-1,314 and 1,329 shares outstanding 3 Capital in excess of stated value 8,299 3 7,363 3 Total selling and administrative expense 13,126 12,702 6,384 Interest expense (income), net 35 54 Accumulated other comprehensive (loss) income Retained eamings (30) 231 (12) Other expense (income), net 139 (78) 1,643 3.517 Income before income taxes 4,001 4.325 Total shareholders' equity 8055 9,040 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 11,342 23,717 9,812 Income tax expense 22,534 NET INCOME 348 772 2.312 2,50 4,09 1,011 Liquidity 2020 2019 Working Capital Current ralo Quick ratio Profitability Asset Turnover Return on total assets Return on Stocholder Equity 008 0.17 x 0.31 0.45 x Solvency 0.75 1.37 Ratio of fixed assets to long-term b Time interst earned What do the ratios calculated over the two-year period tell us about the company's (a) liquidity (b) profitability and (c) solvency? Evaluate the company's financial health based on each category of ratios. I understand Ratio analysis is a way to find out about a company's cash flow, business efficiency, profitability, and ability to pay its debts. Looking at a company's financial statistics over a two-year period can tell you a lot about its financial health. Liquidity ratios measure a company's ability to pay its short-term debts when they come due. The current ratio and the quick ratio are two key liquidity measures. Current Ratio is another means of expressing the relationship between current assets and current liabilities. A significant increase over two years could mean improved cash management or increased current assets. But I don't know if .38 is a significant change. Working capital is a significant change of almost $4M I am just unsure of the rest.