Nike, Inc. has a fiscal year-end of May 31. On May 31, 2015, Nike, Inc. reported $21,597 million in assets and $12,707 million in equity. During fiscal 2016, Nike's assets decreased by $201 million while its equity decreased by $449 million.
What were Nike's total liabilities at May 31, 2015 and May 31, 2016?

Question

Nike, Inc. has a fiscal year-end of May 31. On May 31, 2015, Nike, Inc. reported $21,597 million in assets and $12,707 million in equity. During fiscal 2016, Nike's assets decreased by $201 million while its equity decreased by $449 million. 
What were Nike's total liabilities at May 31, 2015 and May 31, 2016?

Quizplus · Accepted Answer

The Answer of Nike, Inc. has a fiscal year-end of May 31. On May 31, 2015, Nike, Inc. reported $21,597 million in assets and $12,707 million in equity. During fiscal 2016, Nike's assets decreased by $201 million while its equity decreased by $449 million. 
What were Nike's total liabilities at May 31, 2015 and May 31, 2016?

Nike, Inc Has a Fiscal Year-End of May 31