Accounting II - Financial Statement Analysis ProjectFor this project, you will be assigned a public company to analyze. Obtain the 2022Annual Report for your assigned company. Print a copy of your companys fourfinancial statements. Annual reports and other information about public companiescan usually be obtained directly from company websites. Look for something calledinvestors or investor relations and then choose the annual report section (Look forForm 10-K).Each person will be responsible for handing in his/her own report and will be gradedindividually.Your report should contain information cited from the company report. You shouldcite these references with parenthetical notations. If your only source is the annualreport, you need only cite the page number. For example, if you were statingsomething found in the Wal-mart Annual Report you would note at the end of thesentence (Wal-mart, p.35). You must have at least three citations in your report.They can be in any section of the report, but will probably be primarily in theanalysis section. You may use other sources as well, but are not required to. If youdo use other sources, you should format according to MLA guidelines.Your report should contain the following sections. (Please structure yourreport to this format).Executive Summary - You should begin with a short summary that provides anoverview of the contents of the report (one paragraph).Business/Industry Analysis - Briefly explain the business of your company andsummarize the industry characteristics. Include what types of financial ratios youmight expect from this type of industry. For example, some industries may expecthigher turnovers or higher profit margins than other industries. This section shouldbe limited to one to two paragraphs.Financial Ratio Analysis - Compute the financial ratios described below for 2022 and2021.You must show me all the numbers that you used in your calculation. Not just theend result. You should have 1-2 pages with the actual calculations and then severalpages that briefly define each ratio and discuss what each ratio tells you as well aswhat the change from prior year indicates. This section should be the bulk of yourreport

The report is about Nike.