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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