PART II NIKE, Inc. Consolidated Balance Sheets May 31 2017 2016 arrent assets- C

Question

PART II NIKE, Inc. Consolidated Balance Sheets May 31 2017 2016 arrent assets- Cash and equivalents Short-term investments Accounts receivable, net 3,808 $ 2,371 3,138 2,319 3,241 1,838 Total current assets Proporty, plant and oqipmont, not Identifable intangible assets, net 6,061 5,025 281 131 Doferred income taxos and other assots TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notos payablo Accounts payable Accrued liabilitios 2.191 3,037 2,048 Total current labilities Long-torm debt Deferred income taxes and other labilities 5,474 3,471 1,907 1,993 1,770 Shareholders' equity: Common stock at stated vala: Class A convertible-329 and 353 shares outstanding Class B 1,314 and 1,329 shares outstanding Capital in excess of stated valuo 7,786 318 1.151 (213) Total sharoholdors 12.407 12 AL LIABILITIES AND SHAREHOLDERS The accompanyingNotes to the Consoldafed Financial Stafoments are aninlogral part ofhis stalemont.

Explanation / Answer

Presentation of Cash: Cash held with company is presented under Current Aseets of Asset side. Cash and Equivalent stated in Balance sheet is $3808 and $3108 for resepctive year of 2017 and 2016. Please note Cash and Equivalent may not be equal to Cash. Equivalent may include Other currencies, coins, petty cash, checks received but not yet deposited, short term highly liquid assets with a maturity of three months or less (Like US Treasury bills), money market instruments etc.

Please note to separate cash from Cash and equivalent, one need bifurcation of it.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.