Problem 2 (40%) Created in 1964, Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. DATE Balance Sheet (Annual) CY2016 CY2017 CY2018 CY2019 CY2020 Assets (Annual) Cash and Equivalents Short Term Investments Accounts Receivable Other Receivables Inventories Other Current Assets Total Current Assets Net PP&E Goodwill and Intangibles Other Long Term Assets Total Long Term Assets Total Assets 3138 2319 3241 0 4838 1499 15025 3520 412 2422 6354 21379 3808 2371 3677 0 5055 1150 16061 3989 422 2787 7198 22259 4249 996 3498 0 5261 1130 15134 4466 197 4272 0 5622 1968 16525 8348 cas 2749 0 7367 1653 20555 4654 7963 439 2509 7402 22536 437 2011 7192 23717 497 326 10785 31342 2248 Uabilities (Annual) Accounts Payable Other Payables Accrued Expenses Current Debt & Capital Lease Obligation Other Current Uability Total Current Labilities Non-Current Portion of LTD and Capital Lease Obligation Non Current Deferred Liability Other Long Term Uabilities Total Long Term Uabilities Total Liabilities 2279 694 1176 342 1549 1038 686 3560 2191 515 1004 45 1503 5358 1993 1770 0 3763 9121 2048 580 1080 331 1435 5074 3471 1907 0 5378 10:52 2612 809 1215 15 3215 7886 3454 3340 3468 3216 0 5684 12724 0 6811 14577 12319 2684 0 15008 23207 2517 3 4151 7786 0 3 1513 7163 3 6907 5710 0 0 0 (191) 8299 0 0 0 0 0 : 0 Shareholder's Equity (Annual) Total Capital Stock Retained Earnings Additional Pald in Capital Treasury Stock Preferred Stock Unrealized Gain or Loss - Total Minimum Pension abilities Adjustments for Foreign Currency Translation Other Equity Adjustments Accrued Comprehensive Inc Noncontrolling Interest Shareholders Equity 0 0 0 0 0 318 0 0 0 0 0 0 (56 0 231 0 (92) 0 9812 (213) 0 12407 0 12258 SORO 8055 Perform a vertical analysis of Nike's balance sheets from 2016 through 2020. What are you learning from your analysis