Nikes principal business activity involves the design, development, and worldwide marketing of high-quality footwear, apparel, equipment, and
Question:
This case uses Nike’s financial statements and excerpts from its notes to review important concepts underlying the three principal financial statements (balance sheet, income statement, and statement of cash flows) and relationships among them. The case also introduces tools for analyzing financial statements.
Relations between Financial Statement Items
a. Compute the amount of cash collected from customers during 2009.
b. Compute the amount of cash payments made to suppliers of merchandise during 2009.
c. Prepare an analysis that accounts for the change in the property, plant, and equipment account and the accumulated depreciation account during 2009. You will have to plug certain amounts if Nike does not disclose them.
d. Identify the reasons for the change in retained earnings during 2009.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
Question Posted: