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NIKE INC. Consolidated Balance Sheets \$ millions (except share price) Compute and Interpret the Z-score...

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NIKE INC. Consolidated Balance Sheets \$ millions (except share price) Compute and Interpret the Z-score Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial statements to answer the requirements. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places (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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