Company: Nike, Inc.ItemAmount (in millions)Cash and Cash Equivalents$9,400Accounts Receivable$5,300Inventory$7,800Total Current Assets$26,500Property, Plant, Equipment$12,600Total Assets$52,000Accounts Payable$6,900Short-term...
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Accounting
Company: Nike, Inc.
Item
Amount (in millions)
Cash and Cash Equivalents
$9,400
Accounts Receivable
$5,300
Inventory
$7,800
Total Current Assets
$26,500
Property, Plant, Equipment
$12,600
Total Assets
$52,000
Accounts Payable
$6,900
Short-term Debt
$3,500
Total Current Liabilities
$15,000
Long-term Debt
$10,500
Total Liabilities
$28,000
Total Equity
$24,000
Questions:
Calculate Nike's current ratio.
Determine Nike's quick ratio (acid-test ratio).
What is Nike’s debt to equity ratio?
Compute the working capital of Nike.
If Nike had net sales of $44,500 million and cost of goods sold of $25,800 million, what is the inventory turnover ratio?
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