No Rush. Question #3. I Provided four of the three calculations for the Year 2020. Choose whatever three is easiest to compare with the prior year (2019).

e. a. Earnings Per Share b. Working Capital C. Current Ratio d. Quick Ratio Receivables Turnover f. Days in Receivable g. Inventory Turnover h. Days in Inventory Profit Margin Ratio j. Gross Profit Ratio k. Return on assets I. Return on common stockholders' equity m. Price-earnings Ratio n. Payout Ratio o. Debt to total assets p. Times interest earned q. Free Cash Flow 3. Choose 3 from the above list and calculate for the prior year. Write a paragraph comparing the current year to prior year and discuss. You should submit a total of three paragraphs for this part. hoorn 3 of them Describe them in your own Net Income EPS 2020 2,539.00 Preferred Dividends Net Income - Preferred Dividends 0 2,539.00 Common Stock Number of Shares In (Class B) Common Stock Common Stock (Class A) 315.00 1,243.00 1,558.00 1.62 Current Assets Current Liabilities Working Capital 2020 20,556.00 8,284.00 12.272.00 Current Assets Current Liabilities Current Ratio 2020 20,556.00 8,284.00 2.48 Quick Assets Quick Liabilities Quick Ratio 2020 11,536.00 8,284.00 1.39 NIKE, INC. CONSOLIDATED STATEMENTS OF INCOME YEAR ENDED MAY 31, 2019 2020 2018 (In millions, except per share data) Revenues S 37,403 $ $ 36,397 39,117 21,643 21,162 20,441 16,241 17,474 15,956 3,592 3.753 3,577 7,934 9,534 8,949 12,702 11,511 Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME 13,126 89 49 54 139 (78) 66 2.887 4,801 4,325 348 772 2,392 $ 2,539 $ 4,029 $ 1,933 Earnings per common share: Basic S 1.63 $ 2.55 $ 1.19 Diluted S 1.60 $ 2.49 $ 1.17 Weighted average common shares outstanding: Basic 1,558.8 1,579.7 1,623.8 Diluted 1,591.6 1,618.4 1,659.1 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31, 2020 2019 S $ 8,348 439 2.749 7.367 1.663 20.566 4.466 197 4.272 5,622 1.968 16,525 4,744 4,866 3,097 274 223 2,326 31,342 283 154 2,011 23,717 $ $ S S 6 fin millons) ASSETS Current assets: Cash and equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Operating lease right-of-use assets, net Identifiable intangible assets, net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Current portion of operating lease liabilities Accrued liabilities Income taxes payable Total current liabilities Long-term debt Operating lease liabilities Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible - 315 and 315 shares outstanding Class B-1,243 and 1,253 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings (deficit) Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. 2.612 '''' 3 248 2,248 445 5,184 156 8.284 9,406 2.913 5,010 229 7,866 3,464 2,684 3,347 = 3 8,299 (56) (191) 8,055 31,342 = 3 7,163 231 1.643 9,040 23,717 $ $ NIKE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS YEAR ENDED MAY 31, 2019 2020 2018 $ 2.539 s 4,029 S 1.933 721 (380) 429 398 23 705 34 325 15 233 747 647 218 27 (99) 1,239 (1,854) (654) 24 2,485 (270) (490) (203) 1,525 5,903 187 (255) 35 1,515 4,955 (Dollars in milions) Cash provided (used) by operations: Net income Adjustments to reconcile net income to net cash provided (used) by operations: Depreciation Deferred income taxes Stock-based compensation Amortization, impairment and other Net foreign currency adjustments Changes in certain working capital components and other assets and liabilities: (Increase) decrease in accounts receivable (Increase) decrease in inventories (Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities Cash provided (used) by operations Cash provided (used) by investing activities Purchases of short-term investments Maturities of short-term investments - Sales of short-term investments Additions to property, plant and equipment Other investing activities Cash provided (used) by investing activities Cash provided (used) by financing activities: Proceeds from borrowings, net of debt issuance costs Increase (decrease) in notes payable, net Proceeds from exercise of stock options and other stock issuances Repurchase of common stock Dividends - common and preferred Other financing activities Cash provided (used) by financing activities Effect of exchange rate changes on cash and equivalents Net increase (decrease) in cash and equivalents Cash and equivalents, beginning of year CASH AND EQUIVALENTS, END OF YEAR Supplemental disclosure of cash flow information: Cash paid during the year for. Interest, net of capitalized interest Income taxes Non-cash additions to property, plant and equipment Dividends declared and not paid (2,426 ) 74 2,379 (1,086) 31 (1,028 (2.937 1,715 2,072 (1.119) (4,783) 3,613 2,496 (1,028) (22) 276 (264) 6,134 49 885 (3,067 (1,452) (58) 2,491 (66) 3,882 4,466 8,348 - (325) 700 (4,286) (1,332) (50) (5,293) (129) 217 4,249 4,466 - 13 733 (4,254) (1.243) (84) (4.835) 45 441 3,80B $ $ $ 4,249 $ 153 s 140 $ 1,028 121 385 757 160 347 125 529 294 320 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. NIKE, INC. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY COMMON STOCK CLASS A SHARES AMOUNT CLASS B SHARES 1,314 $ 24 (70) AMOUNT 3 329 $ ACCUMULATED OTHER RETAINED COMPREHENSIVE INCOME (LOSS) EARNINGS (DEFICIT) (213) $ 6,907 $ CAPITAL IN EXCESS OF STATED VALUE 5,710 600 (254) $ $ (4.013) (1,265) TOTAL 12,407 600 (4,267) (1,265) 82 218 1.933 104 4 (28) 110 218 1.933 104 17 (92) ( (17) 3,517 329 $ $ 3 $ $ $ $ 1,272 18 6,384 539 9,812 539 (14) 14 (54) (227) in milions, except per share data) Balance at May 31, 2017 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock (S0.78 per share) and preferred stock ($0.10 per share) Issuance of shares to employees, net of shares withheld for employee taxes Stock-based compensation Net income Other comprehensive income (loss) Reclassifications to retained earnings in accordance with ASU 2018-02 Balance at May 31, 2018 Stock options exercised Conversion to Class B Common Stock Repurchase of Class B Common Stock Dividends on common stock (S0.86 per share) and preferred stock ($0.10 per share) Issuance of shares to employees, net of shares withheld for employee taxes Stock-based compensation Net income Other comprehensive income (loss) Adoption of ASU 2016-16 (Note 1) Adoption of ASC Topic 606 (Note 1) ( Balance at May 31, 2019 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($0.955 per share) and preferred stock ($0.10 per share) Issuance of shares to employees, net of shares withheld for employee taxes Stock-based compensation Net income Other comprehensive income (loss) Adoption of ASC Topic 842 (Note 1) Balance at May 31, 2020 (4,056) (1,360) (3) 3 142 325 4,029 323 (507) 23 1.643 315 S $ 3 $ $ 231 $ $ s 1,253 20 (34) 7,163 703 (161) (4,283) (1,360) 139 325 4,029 323 (507) 23 9,040 703 (3,033) (1.491) 156 429 2.539 (287) 0 8,055 (2.872) (1.491) (9) 4 165 429 2,539 (287) 315$ 1,243 $ 3 $ 8,299 $ (56) $ (191) $ The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement