(Ctrl/Cmd+V)EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. Form 10-K or 10-KSB, which include the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet.

Required:

Access EDGAR on the Internet. The web address is www.sec.gov. Go to the Filings section. Search for Nike, Inc using the company ticker symbol. Access the 10-K filing for 2016 fiscal year. Study the financial statements presented in Interactive data format.

I Answer the following questions BRIEFLY relating to the year ended December 31, 2016 (30 points)

What is Nikes ticker symbol?

Who are Nikes independent auditors?

How much Net Income/Loss did Nike earn for the year ended December 31, 2016?

What was Nikes largest expense on its income statement and how much?

What was the companys earnings per share if any? Were there any dividends declared? If yes, how much?

Which was the largest component of OCI?

What are the companys largest current assets? How much?

How much was the gross accounts receivable?

What is the companys long-term debt to equity ratio?

How much was the Net cash from operating activities? How does it compare to the prior year?

Based on reading the Significant Accounting Policies section in the Notes to the Financial Statements, identify which cost flow assumption is employed by the company for inventory costing?

Which method of depreciation is employed by the company for its Property, Plant and Equipment?

What is Nikes revenue from US markets vs International markets, based on your reading of the Business section?

II Comment (around 3-4 lines) on whether you as an investor would purchase/invest in shares of Nike? Also if you were the credit manager in a bank, would you extend a new line of credit for Nike?