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:
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| 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 |