Directions

Use Nike's SEC 2022 10-K filing in the Supporting Materials section to complete this assignment. There are two parts for this assignment: the condensed financial statements and the summary.

Module Two Workbook Template

In the condensed financial statements part of this assignment, you will use the company's Securities and Exchange Commission (SEC) 2022 10-K filing to build a condensed version of the balance sheet and income statement in the Module Two Workbook Template linked in the What to Submit section. The SEC 2022 10-K filing will provide three years of income statements and only two years of balance sheets. You will need to find Nike's 2020 Form 10-K filing on the SEC website to pull the 2020 balance sheet to complete the template.

Categories will be different than what you find in the annual report. Use your best judgement when classifying them. If you need to lump certain costs together, then do so. Make certain you keep accounts in the correct category (i.e., current assets, non-current assets, current liabilities, long term liabilities, and owner's equity). Each of these sections has an "other" category you can use. It is important to use the correct categories to have ratios calculate correctly. For example, the company shows cost of sales of $100K, general and administrative (G&A) expenses of $50K, and marketing expense of $10K. Combine the G&A and marketing expenses in the single line on the income statement called "Sales, General, and Administrative Expenses" in the amount of $60K.

The template will provide a check digit for the Balance Sheet and Income Statement tabs. It will help with ensuring the Balance Sheet tab is balanced and the Income Statement tab net income is correct before tax.

In the template, the ratios auto-calculate. You will not need to analyze the Ratio tab for historical data. You will only use the Ratio tab for explanatory purposes to complete the Module Two Summary Template.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000320187/000032018722000038/nke-20220531.htm#i46e4e3c717064a3ca53a7fe9eaaaeca4_127

ACC 345Module Two Summary Template

1.Define the measurement of each type of ratioand the accounts included in the calculation.Refer to the Ratios tab.

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2.Explain the significance of each ratiotothe company.

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3.Identifyan asset or liability being measuredat fairvalue.Provide the specificdisclosurenote(s).Include the citation(s).

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4.Provide the classificationfor the GAAP rule that allows thefair valuemeasurement.

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References

Include any references used to complete this assignment. This section is for the full citation. Sources should be cited using APA style.