The requirements for this assignment are listed below:
Acquire a copy of Nike, Inc.’s 2010 Annual Report, and other information about the company’s history, etc., for this assignment by using the Internet or other resources. For this assignment you will need to review Nike’s Balance Sheet, Income Statement, and Statement of Cash Flows, which are included in their Annual Report.
Prepare a 750- to 1,000-word written Executive Financial Summary Report answering the following questions, using the information contained in the company’s 2010 Annual Report financial statements (Balance Sheet, Income Statement, and Statement of Cash Flows), the Internet or other resources. (Note: The annual reporting period and fiscal year mean year-end numbers).
Please make sure your written paper includes answers to the following questions:
1. Company history: When was the company founded? By whom? List other historical facts.
2. Who is the audit firm for the company?
3. What stock exchange is the company listed on? What is their ticker symbol?
4. How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
5. What were the company’s total current assets at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
6. What were the two largest current assets at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
7. What were the company’s total assets at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
8. What amount of accounts payable did the company have at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
9. What were the company’s total current liabilities at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
10. What were the company’s total liabilities and shareholders’ equity at the end of its 2 most recent annual reporting periods (as of May 31, 2010 and 2009)?
11. What were the company’s revenues (or net revenues) for the last 3 annual reporting periods (for 2010, 2009, and 2008)?
12. What was the company’s net income for the last 3 annual reporting periods (for 2010, 2009, and 2008)?
13. (a) What was the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period? (Note: Compare the net income amounts for 2010 and 2009 and calculate the difference in amount.)
(b) What was the change in dollars in the company’s net income from its previous year to the year before annual reporting period? (Note: Compare the net income amounts for 2009 and 2008 and calculate the difference in amount.)
14. Compute the following ratios for 2010 and 2009.
(Note: The formulas for these ratios are also in Chapter 13 of the textbook for this course.)
(a) Working Capital
(b) Current Ratio
(c) Debt to Equity Ratio
(d) Net Margin (Profit Margin or Return on Sales) Ratio
Attach a copy of the Balance Sheet, Income Statement and Statement of Cash Flow from the Annual Report to your written assignment. (Note: Do not download the entire Annual Report. You only need to copy the financial statements listed above and include them as an attachment when you submit your paper).
Format your assignment consistent with APA guidelines.
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