Question 2 At the most recent balance sheet date, Nike's accounting equation was (in millions): O a. Assets $26,291 = Liabilities $9,674 + Stockholders' equity $12,767. O b. Assets $37,740 = Liabilities $23.287+ Stockholders' equity $9,965. Oc. Assets $26,291- Liabilities $9,674= Shareholders' equity $12,767. O d. Assets $37.740 = Liabilities $24,973 + Stockholders' equity $12,767. Table of Contents 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, ret 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 labies Current portion of long-term debl Notes payable Accounts payable Cument portion of operating lease tables Accrued liabilities Income taxes payable Total current Sabie Long-term debt Operating lease labies Deferred income taxes and other tables Commitments and contingencles (Note 18) Redeemable preferred stock Shareholders' equity Common stock at stated value Class A convertible-305 and 315 shares outstanding Class -1,273 and 1,243 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (os) Retained earings (delot) Total shareholdery egy TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statemen + 1 $ 1 2021 MAY 31, 9,880 s 3,587 4,463 854 1.490 20,291 4.904 3,113 200 242 2001 37,740 S 2 2030 467 6.003 306 9,674 9,413 2.931 2.955 9,95 (80) 3,179 12,767 37,740 2020 6.348 430 2,740 7,367 1.653 20,556 4,666 3,097 274 223 2.320 31,342 3 248 2,248 445 5.184 156 8,264 9,400 2.913 2.664 8.200 (50) (191) 8055 31,343