In: Accounting
Anything in business - pathway
Locate the most recent balance sheet of a publicly-traded corporation in your pathway. You can find the balance sheet within the annual report (10-K). Answer the following questions:
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
What is the name of your company and your pathway? | ||
Nike Inc. | ||
What were the total current assets this year and last year for the company you chose? | ||
$ Millions | May 31, 2019 | May 31, 2018 |
Current assets | 16,525.00 | 15,134.00 |
What were the total current liabilities this year and last year for the company you chose? | ||
$ Millions | May 31, 2019 | May 31, 2018 |
Current liabilities | 7,866.00 | 6,040.00 |
Calculate the Current Ratio for this year and last year for the company you chose. | ||
Particulars | May 31, 2019 | May 31, 2018 |
Current ratio | 2.10 | 2.51 |
Analyze your company's current ratio (is it good/bad; how does it compare to the prior year, etc.) | ||
Current ratio of last year is 2.51 but current ratio of current year is 2.10. So its liquidity has worsened. So its not good as compared to the last year. | ||
Include a link to the URL for your company's annual report. | ||
https://www.sec.gov/Archives/edgar/data/320187/000032018719000051/nke-531201910k.htm |