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Nike, Inc. provided the following balance sheet information as of November 30, 2024: Account Amount Cash $10,000,000 Accounts Receivable $15,000,000 Inventory $7,500,000 Prepaid Expenses $2,500,000
Nike, Inc. provided the following balance sheet information as of November 30, 2024:
Account | Amount |
Cash | $10,000,000 |
Accounts Receivable | $15,000,000 |
Inventory | $7,500,000 |
Prepaid Expenses | $2,500,000 |
Property, Plant, and Equipment | $75,000,000 |
Accumulated Depreciation | $25,000,000 |
Accounts Payable | $12,500,000 |
Short-term Notes Payable | $5,000,000 |
Long-term Debt | $37,500,000 |
Common Stock | $62,500,000 |
Retained Earnings | $28,500,000 |
Prepare the balance sheet for Nike, Inc. as of November 30, 2024.
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