1 Return on Total Assets 2021 2 Total Liabilities 2021 3 Earnings Per Share 2021 4...

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1 Return on Total Assets 2021 2 Total Liabilities 2021 3 Earnings Per Share 2021 4 Inventory TurnOver 2021 5 Net Margin 2021 6 Quick Ratio 2021 7 Return on Equity 2021 8 Debt Ratio 2021 9 Gross Margin 2021 10 Increase or decrease in debt ratio (2015 to 2021)? Answer: NIKE, INC. CONSOLIDATED BALANCE SHEETS (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 $ $ $ 2021 MAY 31, 9,889 $ 3,587 4,463 6,854 1,498 26,291 4,904 3,113 269 242 2,921 37,740 S 2 2,836 467 6,063 306 9,674 9,413 2,931 2,955 9,965 (380) 3,179 12,767 37,740 $ 2020 8,348 439 2,749 7,367 1,653 20,556 4,866 3,097 274 223 2,326 31,342 3 248 2,248 445 5,184 156 8,284 9,406 2,913 2,684 I 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. $ $ $ $ 2021 YEAR ENDED MAY 31, 2020 44,538 $ 24,576 19,962 3,114 9,911 13,025 262 14 6,661 934 5,727 $ 3.64 $ 3.56 $ 1,573.0 1,609.4 37,403 S 21,162 16,241 3,592 9,534 13,126 89 139 2,887 348 2,539 $ 1.63 S 1.60 $ 1.558.8 1,591.6 2019 39,117 21,643 17,474 3,753 8,949 12,702 49 (78) 4,801 772 4,029 2.55 2.49 1,579.7 1,618.4 1 Return on Total Assets 2021 2 Total Liabilities 2021 3 Earnings Per Share 2021 4 Inventory TurnOver 2021 5 Net Margin 2021 6 Quick Ratio 2021 7 Return on Equity 2021 8 Debt Ratio 2021 9 Gross Margin 2021 10 Increase or decrease in debt ratio (2015 to 2021)? Answer: NIKE, INC. CONSOLIDATED BALANCE SHEETS (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 $ $ $ 2021 MAY 31, 9,889 $ 3,587 4,463 6,854 1,498 26,291 4,904 3,113 269 242 2,921 37,740 S 2 2,836 467 6,063 306 9,674 9,413 2,931 2,955 9,965 (380) 3,179 12,767 37,740 $ 2020 8,348 439 2,749 7,367 1,653 20,556 4,866 3,097 274 223 2,326 31,342 3 248 2,248 445 5,184 156 8,284 9,406 2,913 2,684 I 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. $ $ $ $ 2021 YEAR ENDED MAY 31, 2020 44,538 $ 24,576 19,962 3,114 9,911 13,025 262 14 6,661 934 5,727 $ 3.64 $ 3.56 $ 1,573.0 1,609.4 37,403 S 21,162 16,241 3,592 9,534 13,126 89 139 2,887 348 2,539 $ 1.63 S 1.60 $ 1.558.8 1,591.6 2019 39,117 21,643 17,474 3,753 8,949 12,702 49 (78) 4,801 772 4,029 2.55 2.49 1,579.7 1,618.4

Answer rating: 100% (QA)

NIKE Inc Financial Analysis 2021 Heres an analysis of NIKE Incs financial performance in 2021 based on the provided consolidated balance sheets and st... View the full answer