1. Indicate which of the following items would be reported in the balance sheet A. Net income B. Retained earnings C. Depreciation expense D. Accumulated depreciation E. Wages expense F. Wages payable G. Interest expense H. Interest payable I. Sales A) C, E, G, B) A, D, F,G C) B, C, E, H D) B, D, F, H 2. Indicate which of the following items would be reported in the income statement A Sales B. Retained earnings C. Depreciation expense D. Accounts receivable E. Dividends F. Cost of goods sold G. Inventories H. Accounts payable I. Net income A) C. E, G, I B) A, C, F. C) B,C, E, H D) A, E, F,I 3. In its fscal 2016 annual report, Nike, Inc. reported cash of $3,138 millon at year end. The statement of cash reports the following (in millions): Net cash from operating activities Net cash from investing activities Net cash from financing activities $3,096 (1,034) (2,776) What was the balance in Nike's cash account at the start of fiscal 2016? A) $3,096 million B) $1,020 million C) $3,852 million D) $4,357 million E) None of the above 4. Net operating profit after tax (NOPAT) includes operating revenues less expenses such as