U.S. companies file 10K reports annually with the SEC. These reports contain the company’s annual financial reports and much additional information about the company. Examine Nike’s 10K report that is presented in Appendix C. Answer the following questions about Nike:
1. What is Nike’s principal business activity?
2. What proportion of Nike revenue comes from sales in the United States? What proportion from other countries? How many retail outlets does Nike have in the United States?
3. Who is Nike’s CFO? What is his accounting background?
4. Where does Nike manufacture most of its footwear? What ethical issues might result from this manufacturing philosophy?