Casework should be submitted according to the course schedule in the Moodle course using the assignment submit link. Use the provided annual report for Nike, Inc. This report and its Consolidated Statements of Income and Consolidated Balance Sheets will serve as your primary resource for completing the casework. Perform a horizontal analysis a(refer to Chapter 17) of the income statement and balance sheet using only the years 2014 and 2013 in Nike, Inc.’s format. A template has been provided for you (scroll down to locate all four statements). Only the gray-shaded areas of the template must be completed by filling in the correct data and making the appropriate calculations. Although not a requirement, you are encouraged to use Excel formulas to complete the assignment.

https://s1.q4cdn.com/806093406/files/doc_financials/2014/docs/nike-2014-form-10K.pdf

Year Ended May 31,	VERTICAL
(In millions, except per share data)
	2014		%		2013		%
Income from continuing operations:
Revenues
Cost of sales
Gross profit
Demand creation expense
Operating overhead expense
Total selling and administrative expense
Interest expense (income), net (Notes 6, 7, and 8)
Other expense (income), net (Note 17)
Income before income taxes
Income tax expense (Note 9)
NET INCOME FROM CONTINUING OPERATIONS
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS
NET INCOME

Answer rating: 100% (QA)

NIKE Inc Consolidated Statement of Income Year Ended May 31 In millions except p... View the full answer