Question

In: Accounting

Anything in business - pathway Locate the most recent balance sheet of a publicly-traded corporation in...

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:

  1. What is the name of your company and your pathway?
  2. What were the total current assets this year and last year for the company you chose?
  3. What were the total current liabilities this year and last year for the company you chose?
  4. Calculate the Current Ratio for this year and last year for the company you chose.
  5. Analyze your company's current ratio (is it good/bad; how does it compare to the prior year, etc.)
  6. Include a link to the URL for your company's annual report.

Solutions

Expert Solution

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

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