1. Since 2000, NVIDIA has had five stock splits, with the most recent being a 4 for 1 split on August 20, 2021. Why do you think NVIDIA splits its shares? What is the effect of stock splits on shareholders equity and profitability ratios?

2. NVIDIA has been buying large amounts of its own stock in recent years. Why do you think NVIDIA buys back its stock?

3. a.How many shares did NVIDIA buy back during fiscal 2023?

b. What was the average price per share NVIDIA paid to buy back these shares?

c. How many shares did NVIDIA issue from stock plans during fiscal year 2023?

d. What was the average amount per share NVIDIA received from their employees on issuances from stock plans during fiscal year 2023?

e. How does the amount you calculated in part (d) compare with the average price NVIDIA paid to buy back their shares during fiscal year 2023?

4. What are the effects of NVIDIAs stock repurchases on total assets, return on shareholders equity, and leverage?

5. a. Did NVIDIA account for their share buybacks as Treasury Stock or as a retirement of shares? Explain.

b. What are the advantages and/or disadvantages of the alternative accounting methods for share buybacks identified in part 5a?

See the accompanying financial statements below to answer the questions above:

NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) NVIDIA CORPORATION AND SUBSIDIARIES NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions, except par value) NVIDIA CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions)