Financial Reporting Problem, Part 2: Nike

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Financial Reporting Problem, Part 2: Nike

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Financial Reporting Problem, Part 2: Nike

When determining the overall financial strength of a company, businesses rely on their current assets to show value. Current assets are defined as assets that can or will be converted into cash quickly. The value of the asset’s will vary and may be used at any time as collateral for loans or other investment business development plans. Current assets will include, of course, cash and cash equivalents, which is the amount of money the company has in its bank accounts including savings bonds, certificates of deposit, and money market funds. Assets must always be calculated as net assets, that is, less any debt owed by the organization. …show more content…

(2012). http://www.ehow.com/how_6969812_do-calculate-total-current- assets_.html#ixzz1xb8tNZgn

View: Annual Data | Quarterly Data | All numbers in thousands | PERIOD ENDING | 02/2012 | 11/2011 | 08/2011 | 05/2011 | | Balance Sheet - Assets | | Cash and Equivalents | 2,021,000 | 1,929,000 | 1,608,000 | 1,955,000 | | Marketable Securities | 1,176,000 | 1,436,000 | 2,092,000 | 2,583,000 | | Accounts Receivable | 3,296,000 | 3,103,000 | 3,279,000 | 3,138,000 | | Receivables | 3,296,000 | 3,103,000 | 3,279,000 | 3,138,000 | | Other Inventories | 3,356,000 | 3,164,000 | 3,107,000 | 2,715,000 | | Inventories | 3,356,000 | 3,164,000 | 3,107,000 | 2,715,000 | | Prepaid Expenses | 772,000 | 795,000 | 638,000 | 594,000 | | Current Deferred Income Taxes | 311,000 | 298,000 | 315,000 | 312,000 | | Total Current Assets | 10,932,000 | 10,725,000 | 11,039,000 | 11,297,000 | | Land & Improvements | * | * | * | 237,000 | | Building & Improvements | * | * | * | 2,055,000 | | Machinery, Furniture & Equipment | * | * | * | 2,487,000 | | Construction in Progress | * | * | * | 127,000 | | Other Fixed Assets | 5,172,000 | 5,064,000 | 5,034,000 | * | | Total Fixed Assets | 5,172,000 | 5,064,000 | 5,034,000 | 4,906,000 | | Gross Fixed Assets (Plant, Prop. & Equip.) | 5,172,000 | 5,064,000 | 5,034,000 | 4,906,000 | | Accumulated Depreciation & Depletion | 2,967,000 | 2,887,000 |

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