Question: Question 9 --/2 View Policies Current Attempt in Progress Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are


Question 9 --/2 View Policies Current Attempt in Progress 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 2,700.0 8. Income taxes payable 90.0 3. Common stock 2,870.0 9. Equipment 1,700.0 4. Notes payable 330.0 10. Retained earnings 6,090.0 5. Buildings 3,800.0 11. Accounts payable 2,220.0 6. Mortgage payable 1,200.0 Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total stockholders' equity. (Enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) Assets Liabilities + Stockholders' Equit $ $ ta e Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
