Problem 2 (40%) Created in 1964, Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. DATE Balance Sheet (Annual) CY2016 CY2017 CY2018 CY2019 CY2020 Assets (Annual) Cash and Equivalents Short Term Investments Accounts Receivable Other Receivables Inventories Other Current Assets Total Current Assets Net PP&E Goodwill and Intangibles Other Long Term Assets Total Long Term Assets Total Assets 3138 2319 3241 O 4838 1489 15025 3520 412 2422 6354 21379 3808 2371 3677 0 5055 1150 16061 3989 422 2787 7198 23259 4249 996 3498 0 5261 1130 15134 4454 439 2509 7402 22536 4466 197 4272 0 5622 1968 16525 4744 437 2011 7192 23717 8348 439 2749 0 7367 1653 20556 7963 497 2326 10786 31342 Liabilities (Annual) Accounts Payable Other Payables Accrued Expenses Current Debt & Capital Lease Obligation Other Current Liability Total Current Liabilities Non-Current Portion of LTD and Capital Lease Obligation Non Current Deferred Liability Other Long Term Liabilities Total Long Term Liabilities Total Liabilities 2191 515 1004 45 1603 5358 2048 580 1080 331 1435 5474 3471 1907 0 5378 10RS2 2279 694 1176 342 1549 6010 3468 3216 0 6684 12724 2612 809 1215 15 3215 7866 3464 3347 0 6811 14677 2248 742 1038 696 3560 8284 12319 2684 0 15003 23287 1993 1770 0 3763 9121 3 3 3 4151 7786 0 3 6907 5710 3517 6384 0 0 3 1643 7163 0 0 0 0 0 Shareholder's Equity (Annual) Total Capital Stock Retained Earnings Additional Paid in Capital Treasury Stock Preferred Stock Unrealized Gain or Loss - Total Minimum Pension Liabilities Adjustments for Foreign Currency Translation Other Equity Adjustments Accrued Comprehensive Inc Noncontrolling Interest Shareholders Equity 0 0 0 0 3 (191) 8299 0 0 0 0 0 0 0 0 (56) 0 8055 0 0 0 0 318 0 12258 0 0 0 0 0 (213) 0 12407 0 0 (92) 0 9812 0 231 0 9040 Perform a vertical analysis of Nike's balance sheets from 2016 through 2020. What are you learning from your analysis