Project Spring 2024(1).docx Help No Spacing V. THE BALANCE SHEET B IUA A Locate the company's balance sheet. Balance sheet date: The accounting equation is Assets Liabilities + Stockholders' Equity. Replacing the words in the accounting equation with dollar amounts, give the company's accounting equation at the end of the current and prior years. Assets Liabilities + Equity = Year 1 Year 2 Assets VI. THE INCOME STATEMENT Liabilities Locate the company's income statement. What is the period covered by the income statement? 0 M E DOLL + Equity WK XBRL View X * Claude Homepag x Assignmer X Google Do x Homeworx X Accountin x W Accountin x + Basic Editor for Office files chrome extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.html g 101 FSA Project Spring 2024(1).docx Format Tools Help QQ No Spacing BZUA A Calculate the company's net Profit/(Loss) for the Years 1 and 2 Net Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Profit Year 1 Year 2 OMB DLL 13 May 1 Menu Sections Search Facts NIKE, INC. CONSOLIDATED BALANCE SHEETS (in millions) 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 a Data M = C Tags More Filters $ Facts 1,588 MAY 31, 2023 2022 7,441 $ 8,574 3,234 4,423 4,131 4,667 8,454 8,420 1,942 2,129 25,202 28,213 5,081 4,791 2,923 2,926 274 286 281 284 3,770 3,821 37,531 $ 40,321 Es 6 2,862 500 10 425 420 May 1 10:00 + a Data Tags More Filters 37,531 -> sec.gov/ix?doc=/Archives/edgar/data/0000320187/00003201872 Sections Search Facts Menu TOTAL ASSETS LIABILITIES AND SHAREHOLDERS EQUITY Current Kabilities 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 Kabilities Deferred income taxes and other abilities Commitments and contingencies (Note 16) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible-305 and 305 shares outstanding Class B-1227 and 1,266 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. E 0 B Facts 1,588 40.321 = $ 500 10 2,862 3,358 425 420 5,723 6,220 240 222 9,256 10,730 8,927 8,920 2,786 2,777 2,558 2,613 3 12,412 11,484 231 318 1,358 3,476 14,004 15,281 $ 37,531 S 40,321 May 1 10:00 sec.gov/x?doc=/Archives/edgar/data/0000320187/000032018723000039/nke-20230531.htm Menu Sections NIKE, INC. Search Facts Data Tags More Filters CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) Revenues 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 Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement YEAR ENDED MAY 31, 2023 2022 51,217 $ 46,710 $ 28,925 25,231 22,292 21,479 4,060 3,850 12,317 10,954 16,377 14,804 (6) 205 (280) (181) 6,201 6,651 1,131 605 $ 5,070 6,046 $ 3.83 $ 3.27 $ $ 3.75 $ 323 $ WK 1,551.6 1,569.8 1,578.8 1,610.8 May 1 Menu Sections Search Facts a Data Tags More Filters Table of Contents NIKE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Dolfers in milions) Net income Other comprehensive income (loss), net of tax: Change in net foreign currency translation adjustment Change In net gains (losses) on cash flow hedges Change in net gains (losses) on other Total other comprehensive income (loss), net of tax TOTAL COMPREHENSIVE INCOME The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. 2023 FORM 10-K 56 Table of Contents O MBO S 2023 5,070 $ Facts 1,588 YEAR ENDED MAY 31, 2022 2021 6,046 $ 5,72 267 (522) 496 (348) 1,214 (825 (6) (87) 698 4,983 S 6,744 S (324 5,403 May 1 10:02