based on Nike's financial report

In the most recent reporting period, how much profit did Nike earn after recognizing the cost of inventory sold? a. $51,217 b. $22,292 C. $5,070 d. $6,201 Use the following formula to calculate Nike's accounts receivable turnover ratio at the last two balance sheet dates: Account receivable turnover ratio = Revenues / Accounts receivable, net Select the correct answer below. a. The company collected accounts receivable faster in the most recent reporting period than the prior reporting period. b. The company collected accounts receivable slower in the most recent reporting period than the prior reporting period. c. The company collected accounts receivable at the same rate as in the prior reporting period. At the most recent balance sheet date, Nike's estimate of uncollectible accounts receivable was (in millions): a. $4,131 b. $4,667 c. $35 d. $34 At the most recent balance sheet date, the book value of Nike's property, plant and equipment was (in millions): a. $5,081 b. $4,791 C. $5,634 d. $10,715 At the most recent balance sheet date, the historical cost of the company's property, plant and equipment was (in millions): a. $5,081 b. $5,634 C. $10,097 d. $10,715 At the most recent balance sheet date, total depreciation expense recognized by Nike on property, plant and equipment since the assets were acquired was (in millions): a. $5081 b. $5,634 C. $10,715 d. $10,097 As a proportion of total assets, Nike's largest asset at the most recent balance sheet date was: a. cash and equivalents b. inventories C. accounts receivable, net d. property, plant and equipment, net Nike's depreciation method results in book value being reported on the company's balance sheet early in an asset's useful life than compared to the accelerated depreciation methods. a. more b. less C. the same Nike's depreciation method results in net income being reported on the company's income statement early in an asset's useful life than compared to the accelerated depreciation methods. a. the same b. less C. more In the most recent reporting period, the amount of cash paid by Nike for property, plant and equipment was (in millions)? a. $290 b. $969 C. $5,081 d. $5,634