Be sure to include a cover page and References page for this assignment.

For the publicly-traded company you selected which is NIKE to evaluate for this course, download their most recent 10K. Include the link to the financial statements as a reference on your References page. I cannot verify your answers without a link to the financial statements.

Answer the following questions in Excel:

Part 1

1) Perform a horizontal analysis of the Income Statement.

2) Create a common-size Income Statement for the most recent year on the 10K.

Part 2

1) Calculate the current ratio for the most recent year on the 10K.

2) Calculate the quick ratio for the most recent year on the 10K.

3) Calculate gross profit margin percentage for the most recent year on the 10K.

4) Calculate operating expense margin for the most recent year on the 10K.

5) Calculate net profit margin for the most recent year on the 10K.

6) Calculate accounts receivable turnover and days sales outstanding for the most recent year on the 10K.

7) Calculate inventory turnover and days inventory outstanding for the most recent year on the 10K.

8) Calculate accounts payable turnover and days payables outstanding for the most recent year on the 10K.

9) Calculate the cash conversion cycle for the most recent year on the 10K.

10) Calculate PPE turnover for the most recent year on the 10K.

11) Calculate Return on equity for the most recent year on the 10K.

12) Calculate Return on assets for the most recent year on the 10K.

13) Calculate the total liabilities to equity ratio for the most recent year on the 10K.

14) Calculate the times interest earned ratio for the most recent year on the 10K.

Part III

Prepare a memo reporting on the financial health of your company. Be sure to discuss liquidity, solvency, and profitability.