To calculate what percentage one amount is of another amount, you divide the smaller amount by the total that contains the smaller amount. Using Nike as an example, Cash for . Total assets for . To calculate what percentage cash is of total assets, use the following formula: Cash, $3,138,000,000 total assets, $21,396,000,000. The answer is 0.14666, or 14.67%.

Instructions

1. Use the information on page B-7 in Appendix B. Find the amount of accounts receivables and total assets for Nike for 2016 and 2015. Calculate what percentage accounts receivables are of total assets for 2016 and 2015.
2. Did the percentage increase or decrease over this period of time?
3. If this percentage would increase rapidly, what could be happening?

May 31. 2016 2015 $ 3,138 2,319 3.241 4,838 1.489 15,025 3,520 281 3,852 2072 3,358 4,337 1.968 15,587 3,011 281 131 131 2587 2,439 21,396 S $ 21,597 44 $ 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 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 Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Commitments and contingencies Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible -- 353 and 355 shares outstanding Class 8 -1,329 and 1,357 shares outstanding Capital in excess of stated value Accumulated other comprehensive income Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1 2,191 3,037 85 5,358 2,010 1.770 107 74 2,131 3,949 71 6,332 1,079 1,479 - 6.773 1.246 3 7,786 318 4.151 12,258 21,396 4,685 12,707 21,597 $ $ The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement