Nike Inc.: Principles Of Accounting

Improved Essays
Benjamin Murray
Prof. De Schryver
Principles of Accounting DL-A2
10/11/2017
Nike Inc.

Nike Inc. was founded on January 25, 1964. Originally the company was formed with the name Blue Ribbon Sports. Nike was founded by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971. Nike Inc. was founded with just $1,200 in the bank. Bill Bowerman was a track and field coach and Phil Knight was a runner at the University of Oregon. The Nike swoosh logo was created by a student that attended Portland State University for $35. Today that is about $200. Nike Inc. later gave the student a stock that is worth more than $640,000 today. Although today Nike Inc. has many endorsement deals with athletes, Ilie Nastase, a Romanian professional
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is PricewaterhouseCoopers, LLC.
2. What stock exchange is the company listed on? What is their ticker symbol?
Nike Inc. is listed on the New York Stock Exchange market. Nike’s ticker symbol is NKE.
3. How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods?
Nike had 3,138 in cash and equivalents for the May 31, 2016 annual reporting period. For the May 31, 2017 annual reporting period, Nike had 3,808 in cash and equivalents. Nike had a 670 increase in cash and equivalents from 2016 to 2017. That is an increase of 21.35% of cash and equivalents. (In millions)
4. What were the company’s total current assets at the end of its 2 most recent annual reporting periods?
Nike’s total current assets for the May 31, 2016 annual reporting period was 15,025. For the May 31, 2017 annual reporting period, Nike had 16,061 total current assets. Nike had a 1,036 increase in total current assets from 2016 to 2017. That is an increase of 6.9% of Nike’s total current assets. (in millions)
5. What were the two largest current assets at the end of its 2 most recent annual reporting
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For the May 31, 2017 annual reporting period, Nike had 23,259 total assets. Nike’s total assets had an increase of 1,863 from 2016 to 2017. That is a 8.71% increase of Nike’s total assets. (In millions)
7. What amount of accounts payable did the company have at the end of its 2 most recent annual reporting periods?
Nike’s accounts payable for the May 31, 2016 annual reporting period was 2,191. For the May 31, 2017 annual reporting period, Nike had 2,048 accounts payable. Nike had a decrease in accounts payable of 143 from 2016 to 2017. That is a 6.53% decrease of Nike’s accounts payable. (In millions)
8. What were the company’s total current liabilities at the end of its 2 most recent annual reporting periods?
Nike’s total current liabilities for the May 31, 2016 annual reporting period was 5,358. For the May 31, 2017 annual reporting period, Nike’s total current liabilities was 5,474. Nike had an increase of 116 in total current liabilities from 2016 to 2017. That is a 2.16% increase of Nike’s total current liabilities. (In millions)
9. What were the company’s total liabilities and shareholders’ equity at the end of its 2 most recent annual reporting

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