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(a) Compute and compare the Altman Z-scores for both years. Which of the following explain the trend in the Z-scores from 2018 to 2019 ? (Specify Yes or No for each statement.) Nike improved its working capital by decreasing its current liabilities. Nike decreased its liquidity due to an increase in retained earnings. Nike improved its earnings before interest and taxes by increasing its total net sales. The market value of Nike's equity improved over the year. Constructing and Assessing Income Statements Using Cost-to-Cost Method Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Boston area. General Electric Company estimated that its construction costs would be $360 million. The contract price of $450 million is to be paid as follows: $150 million at the time of signing; $150 million on December 31,2016 ; and \$150 million at completion in May 2017. General Electric incurred the following costs in constructing the generator: \$144 million in 2016 and $216 million in 2017. a. Compute the amount of General Electric's revenue, expense, and income for both 2016 and 2017, and for both years combined, under the cost-to-cost revenue recognition method. Enter dollar amounts in millions. (a) Compute and compare the Altman Z-scores for both years. Which of the following explain the trend in the Z-scores from 2018 to 2019 ? (Specify Yes or No for each statement.) Nike improved its working capital by decreasing its current liabilities. Nike decreased its liquidity due to an increase in retained earnings. Nike improved its earnings before interest and taxes by increasing its total net sales. The market value of Nike's equity improved over the year. (a) Compute and compare the Altman Z-scores for both years. Which of the following explain the trend in the Z-scores from 2018 to 2019 ? (Specify Yes or No for each statement.) Nike improved its working capital by decreasing its current liabilities. Nike decreased its liquidity due to an increase in retained earnings. Nike improved its earnings before interest and taxes by increasing its total net sales. The market value of Nike's equity improved over the year. Constructing and Assessing Income Statements Using Cost-to-Cost Method Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Boston area. General Electric Company estimated that its construction costs would be $360 million. The contract price of $450 million is to be paid as follows: $150 million at the time of signing; $150 million on December 31,2016 ; and \$150 million at completion in May 2017. General Electric incurred the following costs in constructing the generator: \$144 million in 2016 and $216 million in 2017. a. Compute the amount of General Electric's revenue, expense, and income for both 2016 and 2017, and for both years combined, under the cost-to-cost revenue recognition method. Enter dollar amounts in millions. (a) Compute and compare the Altman Z-scores for both years. Which of the following explain the trend in the Z-scores from 2018 to 2019 ? (Specify Yes or No for each statement.) Nike improved its working capital by decreasing its current liabilities. Nike decreased its liquidity due to an increase in retained earnings. Nike improved its earnings before interest and taxes by increasing its total net sales. The market value of Nike's equity improved over the year

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