Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Print Preview footwear, apparel, equipment, and evolutionary improvements in existing products. The following exhibits present information for Nike: Exhibit 1.24: Consolidated balance sheets for 2014,
Print Preview footwear, apparel, equipment, and evolutionary improvements in existing products. The following exhibits present information for Nike: Exhibit 1.24: Consolidated balance sheets for 2014, 2015, and 2016 Exhibit 1.25: Consolidated income statements for 2014, 2015, and 2016 Exhibit 1.26: Consolidated statements of cash flows for 2014, 2015, and 2016 Exhibit 1.27: Excerpts from the notes to Nike's financial statements Exhibit 1.28: Common-size and percentage change income statements Exhibit 1.29: Common-size and percentage change balance sheets Exhibit 1.24 Consolidated Balance Sheet for Nike, Inc. (amounts in millions) (Case 1.2) At Fiscal Year End, May 31: 2014 2015 2016 $ 2,220 2,922 3,434 3,947 818 $13,341 2,834 282 131 2,006 $18,594 $ 3,852 2,072 3,358 4,337 1,968 $15,587 3,011 281 131 2,587 $21,597 $ 3,138 2,319 3,241 4,838 1,489 $15,025 3,520 281 131 2,439 $21,396 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 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 Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities TOTAL LIABILITIES Shareholders' equity: Common stock at stated value: Class A convertible-353 and 355 shares outstanding Class B-1,329 and 1,357 shares outstanding Capital in excess of stated value Accumulated other comprehensive income Retained earnings TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7 167 1,930 2,491 432 $ 5,027 1,199 1,544 $ 7,770 $ 107 74 2,131 3,949 71 $ 6,332 1,079 1,479 $ 8,890 $ 44 1 2,191 3,037 85 $ 5,358 2,010 1,770 $ 9,138 3 5,865 85 4871 $10,824 $18,594 3 6,773 1,246 4,685 $12,707 $21,597 3 7,786 318 4,151 $12,258 $21,396 Source: Nike, Inc., Form 10-K for the Fiscal Year ended May 31, 2016
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started