Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the quick ratio for 2020? What is the inventory turnover ratio for 2020? What is the tax rate for 2020? NIKE, INC. CONSOLIDATED

image text in transcribed

image text in transcribed

What is the quick ratio for 2020?

What is the inventory turnover ratio for 2020?

What is the tax rate for 2020?

NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31 2021 2020 9,889 $ 3,587 4,463 6.854 1.498 26.291 4,904 3,113 269 242 2,921 37,740 $ 8.348 439 2.749 7.367 1,653 20,556 4,866 3.097 274 223 2.326 31,342 (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 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 liabilities: Current portion of long-term debt Notes payable Accounts payable Current portion of operating lease liabilities Accrued liabilities Income taxes payable Total current liabilities Long-term debt Operating lease liabilities Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity Common stock at stated value: Class A convertible - 305 and 315 shares outstanding Class B - 1,273 and 1,243 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings (deficit) Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement 2,836 467 6,063 306 9.674 9.413 2.931 2.955 248 2.248 445 5,184 156 8.284 9,406 2.913 2,684 9.965 (380) 3.179 12,767 37,740 $ 3 8,299 (56) (191) 8,055 31,342 $ NIKE, INC. CONSOLIDATED STATEMENTS OF INCOME (in millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. YEAR ENDED MAY 31, 2021 2020 44,538 $ 37,403 $ 24,576 21,162 19,962 16.241 3,114 3,592 9.911 9.534 13,025 13.126 262 89 14 139 6.661 2.887 934 348 5,727 $ 2,539 $ 2019 39,117 21,643 17,474 3,753 8.949 12,702 49 (78) 4,801 772 4,029 $ $ $ 3.64 $ 3.56 $ 1.63 $ 1.60 $ 2.55 2.49 1.573.0 1,609.4 1,558.8 1,591.6 1,579.7 1,618.4 2021 FORM 10-K 57

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

Step: 3

blur-text-image

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

Vector Mechanics for Engineers Statics and Dynamics

Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self

11th edition

73398241, 978-0073398242

Students also viewed these Accounting questions