In: Accounting
Using the sec 10-k answer the following questions: Nike corporation
1- calculate working capital and describe how it changed from last year.
2- If the company has treasury stock, is it increasing or decreasing in value? remember that the normal balance for treasury stock is negative value (debit balance)
3- what are the value for other comprehensive net income(or net loss) and retained earnings (or accumulated deficit) how are these values changing?
| Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
| Nike Inc. | ||
| Answer 1 | ||
| $ Millions | 2019 | 2018 |
| Total current assets | 16,525.00 | 15,134.00 |
| Total current liabilities | 7,866.00 | 6,040.00 |
| Working capital | 8,659.00 | 9,094.00 |
| Decrease by | 435.00 | |
| Answer 2 | ||
| $ Millions | 2019 | 2018 |
| Value of shares repurchased | 986.00 | 4,437.00 |
| Decrease by | 3,451.00 | |
| Answer 3 | ||
| $ Millions | 2019 | 2018 |
| Other comprehensive net income(or net loss) | 231.00 | (92.00) |
| Increase by | 323.00 | |
| Answer 3 | ||
| $ Millions | 2019 | 2018 |
| Retained Earnings | 1,643.00 | 3,517.00 |
| Decrease by | 1,874.00 |