Question: Use the Nike 10 K report in Appendix C to answer

Use the Nike 10-K report in Appendix C to answer the following questions.
1. What is Nike’s principal business activity? What percentage of its sales are in the United States?
2. How much did Nike’s gross margin and gross margin as a percentage of revenue increase (decrease) in fiscal 2011 compared with fiscal 2010?
3. Compare Nike’s working capital in fiscal 2010 with that in fiscal 2011?
4. Nike had a decrease in cash of $1,124 million in fiscal 2011. What were the major causes or this decrease in cash?
5. Did Nike’s board declare any cash dividends in fiscal 2011? If so, how much? On what financial statement did you find this?

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