Examine the financial statements from a perspective of a potential investor. Find or develop a few ratios, such as price/earnings ratio, the dividend payout ratio, the dividend yield, book value, and earnings per share. Using the ratio results, discuss whether you would consider this company a good investment when considering your personal investment objectives. Be sure to post a link to the financial statements with your initial post and include the company name in the subject line.

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(In millions, except per share data) Revenues Cost of sales Gross profit Gross margin THREE MONTHS ENDED % TWELVE MONTHS ENDED % 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change $ 12,234 $ 12,344 -1% $ 46,710 44,538 5% 6,731 6,689 1% 25,231 24,576 3% 5,503 5,655 -3% 21,479 19,962 8% 45.0% 45.8% 46.0% 44.8% Demand creation expense 1,061 997 6% 3,850 3,114 24% Operating overhead expense 2,974 2,745 8% 10,954 9,911 11% Total selling and administrative expense 4.035 3,742 8% 14,804 13,025 14% % of revenues 33.0% 30.3% 31.7% 29.2% Interest expense (income), net 40 63 205 262 Other (income) expense, net 54 (4) (181) 14 Income before income taxes 1,374 1,854 -26% 6.651 6,661 0% Income tax (benefit) expense Effective tax rate (65) 345 -119% 605 934 -35% (4.7) % 18.6% 9.1% 14.0% NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted $ 1,439 $ 1,509 -5% $ 6,046 5,727 6% SS 0.91 0.90 SS 0.96 -5% $ 3.83 $ 3.64 5% $ 0.93 -3% $ 3.75 $ 3.56 5% 1,572.0 1,579.0 1,578.8 1,573.0 1,595.0 1,614.9 1,610.8 1,609.4 Dividends declared per common share 0.305 (Dollars in millions) ASSETS Current assets: Cash and equivalents 0.275 1.190 $ 1.070 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) May 31, May 31, 2022 2021 % Change $ 8,574 $ 9.889 -13% Short-term investments 4,423 3,587 23% Accounts receivable, net 4,667 4,463 5% Inventories 8,420 6,854 23% Prepaid expenses and other current assets 2,129 1,498 42% Total current assets 28,213 26,291 7% Property, plant and equipment, net 4,791 4,904 -2% Operating lease right-of-use assets, net 2,926 3,113 -6% Identifiable intangible assets, net 286 269 6% Goodwill 284 242 17% Deferred income taxes and other assets 3,821 2,921 31% TOTAL ASSETS $ 40,321 $ 37,740 7% LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt 500 $ Notes payable 10 2 400% Accounts payable 3,358 2,836 Current portion of operating lease liabilities 420 467 18% -10% Accrued liabilities 6,220 6,063 3% Income taxes payable 222 306 -27% Total current liabilities 10,730 9,674 11% Long-term debt 8,920 9,413 -5% Operating lease liabilities 2,777 2,931 -5% 2,613 2,955 -12% Deferred income taxes and other liabilities Redeemable preferred stock Shareholders' equity 15,281 12,767 20% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 40,321 $ 37,740 7% (In millions, except per share data) Revenues Cost of sales Gross profit Gross margin THREE MONTHS ENDED % TWELVE MONTHS ENDED % 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change $ 12,234 $ 12,344 -1% $ 46,710 44,538 5% 6,731 6,689 1% 25,231 24,576 3% 5,503 5,655 -3% 21,479 19,962 8% 45.0% 45.8% 46.0% 44.8% Demand creation expense 1,061 997 6% 3,850 3,114 24% Operating overhead expense 2,974 2,745 8% 10,954 9,911 11% Total selling and administrative expense 4.035 3,742 8% 14,804 13,025 14% % of revenues 33.0% 30.3% 31.7% 29.2% Interest expense (income), net 40 63 205 262 Other (income) expense, net 54 (4) (181) 14 Income before income taxes 1,374 1,854 -26% 6.651 6,661 0% Income tax (benefit) expense Effective tax rate (65) 345 -119% 605 934 -35% (4.7) % 18.6% 9.1% 14.0% NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted $ 1,439 $ 1,509 -5% $ 6,046 5,727 6% SS 0.91 0.90 SS 0.96 -5% $ 3.83 $ 3.64 5% $ 0.93 -3% $ 3.75 $ 3.56 5% 1,572.0 1,579.0 1,578.8 1,573.0 1,595.0 1,614.9 1,610.8 1,609.4 Dividends declared per common share 0.305 (Dollars in millions) ASSETS Current assets: Cash and equivalents 0.275 1.190 $ 1.070 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) May 31, May 31, 2022 2021 % Change $ 8,574 $ 9.889 -13% Short-term investments 4,423 3,587 23% Accounts receivable, net 4,667 4,463 5% Inventories 8,420 6,854 23% Prepaid expenses and other current assets 2,129 1,498 42% Total current assets 28,213 26,291 7% Property, plant and equipment, net 4,791 4,904 -2% Operating lease right-of-use assets, net 2,926 3,113 -6% Identifiable intangible assets, net 286 269 6% Goodwill 284 242 17% Deferred income taxes and other assets 3,821 2,921 31% TOTAL ASSETS $ 40,321 $ 37,740 7% LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt 500 $ Notes payable 10 2 400% Accounts payable 3,358 2,836 Current portion of operating lease liabilities 420 467 18% -10% Accrued liabilities 6,220 6,063 3% Income taxes payable 222 306 -27% Total current liabilities 10,730 9,674 11% Long-term debt 8,920 9,413 -5% Operating lease liabilities 2,777 2,931 -5% 2,613 2,955 -12% Deferred income taxes and other liabilities Redeemable preferred stock Shareholders' equity 15,281 12,767 20% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 40,321 $ 37,740 7%

Answer rating: 100% (QA)

The financial data for NIKE Inc for the three months ended May 31 2022 and t... View the full answer