Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Student P BUS 3 1 7 Cengageh BUS - 3 1 7 1 Cengagel x New Tab V 2 . cengagenow.com / ilm / takeAssignment

Student P
BUS 317
Cengageh
BUS-3171
Cengagel x
New Tab
V2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do Pinvoker assignments&takeAssignmentSessionLoc.
Student Portsl | Main
Japanese Culture a_
All Bookm
5. Vertical -BS Nilke
NET INCOME
2,539,4,029,1,933
\table[[Liquidity,2020],[Working Copital,],[Current raio,],[Quick ratio,],[Profita,]]
2019
Profitability
Asset Turnover
Return on total assets
Return on Stocholders' Equity
Solvency
Ratio of flxed assets to long-term
liabillies
Progress: 15 items
Next
Complete the Ratio Analysis for Nike, Inc. using the information provided in the Balance Sheets and/or Statements of Income.
Balance Sheets for Nike, Inc. Fill in the blanks on the table below. Amounts do not need the dollar sign ( $ ), whole numbers only, no decimals needed. (example 12,000) Percentages should be two decimal places and no percentage sign (%) is needed. (example 00.00)
\table[[NIKE, Inc. Consolidated Balance Sheets],[(in millions),2020,2019,2018],[ASSETS],[Current Assets],[Cash and equivalents,8,348,4,466,4,249],[Short-term investments,439,197,996],[Accounts receivable, net,2,749,4,272,3,498],[Inventories,7,367,5,622,5,261],[Prepaid expenses and other current assets,1,653,1,968,1,130],[Total Current Assets,20,556,16,525,15,134],[Property, plant and equipment; net,4,866,4,744,4,454],[Operating lease right-of-use assets, net,3,097,0,0],[Identifiable intangible assets, net,274,283,285],[Goodwill,223,154,154],[Deferred income taxes and other assets,2,326,2,011,2,509],[TOTAL ASSETS,31,342,23,717,22,536]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Principles And Applications

Authors: Horace R. Brock, Linda Herrington

6th Edition

0028034287, 978-0028034287

More Books

Students explore these related Accounting questions

Question

What needs do all people have in common?

Answered: 3 weeks ago