Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial statements to answer the requirements.

Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.

NIKE INC.

Consolidated Income Statements

May $31,$ May $31,$

For Year Ended $($$ millions$)20192018$

Revenues $$40,917$ $$38,197$

Cost of sales $21,64320,441$

Gross profit $19,27417,756$

Demand creation expense $5,5535,377$

Operating overhead expense $10,7499,734$

Total selling and administrative expense $16,30211,511$

Interest expense $($income$),$ net $4954$

Other $($income$)$ expense, net $(78)66$

Income before income taxes $3,0016,125$

Income tax expense $7722,392$

Net income $$2,229$ $$3,733$

NIKE INC.

Consolidated Balance Sheets

May $31,$ May $31,$

$ millions $($except share price$)20192018$

Current assets

Cash and equivalents $$4,466$ $$4,249$

Short$-$term investments $197996$

Accounts receivable, net $4,2723,498$

Inventories $7,4227,061$

Prepaid expenses and other current assets $1,9681,130$

Total current assets $18,32516,934$

Property, plant and equipment, net $4,7444,454$

Identifiable intangible assets, net $283285$

Goodwill $154154$

Deferred income taxes and other assets $2,0112,509$

Total assets $$25,517$ $$24,336$

Current liabilities

Current portion of long$-$term debt $$6$ $$6$

Notes payable $9336$

Accounts payable $2,6122,279$

Accrued liabilities $5,0103,269$

Income taxes payable $229150$

Total current liabilities $7,8666,040$

Long$-$term debt $3,4643,468$

Deferred income taxes and other liabilities $3,3473,216$

Shareholders$$ equity

Common stock at stated value:

Class A convertible$315$ and $329$ shares outstanding $00$

Class B$1,253$ and $1,272$ shares outstanding $33$

Capital in excess of stated value $8,9638,184$

Accumulated other comprehensive income $($loss$)231(92)$

Retained earnings $1,6433,517$

Total shareholders$$ equity $10,84011,612$

Total liabilities and shareholders$$ equity $$25,517$ $$24,336$

Shares outstanding $1,2531,272$

Company's closing stock price per share $$77\mathrm{.}14$ $$71\mathrm{.}80$

$($a$)$ Compute and compare the Altman Z$-$scores for both years.

Year Z$-$score

$2018$ Answer

$0$

$2019$ Answer

$0$