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Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,300.0 7. Inventory $2,300.0
Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,300.0 7. Inventory $2,300.0 2. Accounts receivable 2,800.0 8. Income taxes payable 90.0 3. Common stock 2,850.0 9. Equipment 1,700.0 4. Notes payable 290.0 10. Retained earnings 6,180.0 5. Buildings 3,800.0 11. Accounts payable 2,260.0 6. Mortgage payable 1,230.0 Perform each of the following.
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