can you answer this case study parts a and b "Case 5-2Earnings QualityEconomic income is considered to be a better predictor of future cash flows than accounting income is. A technique used by securities analysts to determine the degree of correlation between a firm's accounting earnings and its true economic income is quality of earnings assessment.Required:a. Discuss measures that may be used to assess the quality of a firm's reported earnings.b. Obtain an annual report for a large corporation and perform a quality of earnings assessment." and use the photo for part b for a nike annual report as an example. Also include in the write-up a listing of the appropriate Area(s), Topic(s), Subtopic(s), and Section(s), including the titles and ASC numeric identifiers regarding each case study topic as found in the FASB ASC database (FASB ASC required for Case 3-9 only).

+ Obtain an annual report for a large corporation and perform a quality of earnings assessment. Performance of Quality of Earnings Assessment for Nike Inc. for the Year 2023. Data are adopted for the 10K and annual report statements of Nike Inc. for the year 2023. Calculation of Basic Earnings per Shares Net Income for the Year 2023 as per Annual Statement = $57275 5727 (All values are in millions of dollars except shares outstanding) Weighted average number of common shares outstanding = 1573 = $5727 / 1573 = 3.64 Calculation of Diluted Earnings per Shares Net Income for the Year 2023 as per Annual Statement = $5,72755,727 (All values in millions except outstanding shares) Weighted average, common shares Outstanding = 1609.40 = $5727 / 1609.40 = 3.56 Calculation of Return on Equity (ROE) Formula: Net income/total shareholders' equity For the Year 2023, Net Income = $5727 (All in millions)