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QUESTION 37 What is the Current Ratio for Nike based on the following: The following financial information is provided by Nike: Current assets = $13,696,000,000

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QUESTION 37 What is the Current Ratio for Nike based on the following: The following financial information is provided by Nike: Current assets = $13,696,000,000 Inventory = $3,947,000,000 Total assets = $18,594,000,000 Earnings Before Interest and Taxes (EBIT) = $3,680,000,000 Current liabilities = $5,027,000,000 Total liabilities = $7,770,000,000 Interest Expense = $33,000,000 Net Income = $2,693,000,000 Sales = $27,799,000,000 Shareholder's Equity = $10,824,000,000 Stock Price = $76.91 Number of Outstanding Shares = 870,000,000

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