The following items (in U.S. millions) were taken from a recentbalance sheet of NIKE, Inc.
Accts Payable: $843.9
Accts Receivable: 2,262.1
Cash: 1,388.1
Inventories: 1,811.1
Land/Bldg/Eq: 1,605.8
Notes Payable: 763.3
Other Assets: 1,289.9
Other Liabilities: 1,542.2
Retained Earnings: 4,396.5
Share capital: 1,247.7
Show the amounts in NIKE's accounting equation by calculating thevalue of NIKE's total assets, total liabilities and totalshareholder's equity
My total comes to:
Assets (accts receivable, cash, inventories, land/bldg/eq &other assets): 8,357
Liabilities (note payable, accts payable & other liabilities):3,149.4
Shareholders' Equity (Investments, retained earnings and sharecapital): 6,080.8
Using the accounting equation: Assets = Liablities + Shareholdersequity. The calculation does not match. What am I missing here?