Examine the financial statements from a perspective of a potential investor. Find or develop a few ratios, such as price/earnings ratio, the dividend payout ratio, the dividend yield, book value, and earnings per share. Using the ratio results, discuss whether you would consider this company a good investment when considering your personal investment objectives. Be sure to post a link to the financial statements with your initial post and include the company name in the subject line.

(In millions, except per share data) Revenues Cost of sales Gross profit Gross margin THREE MONTHS ENDED % TWELVE MONTHS ENDED % 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change $ 12,234 $ 12,344 -1% $ 46,710 44,538 5% 6,731 6,689 1% 25,231 24,576 3% 5,503 5,655 -3% 21,479 19,962 8% 45.0% 45.8% 46.0% 44.8% Demand creation expense 1,061 997 6% 3,850 3,114 24% Operating overhead expense 2,974 2,745 8% 10,954 9,911 11% Total selling and administrative expense 4.035 3,742 8% 14,804 13,025 14% % of revenues 33.0% 30.3% 31.7% 29.2% Interest expense (income), net 40 63 205 262 Other (income) expense, net 54 (4) (181) 14 Income before income taxes 1,374 1,854 -26% 6.651 6,661 0% Income tax (benefit) expense Effective tax rate (65) 345 -119% 605 934 -35% (4.7) % 18.6% 9.1% 14.0% NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted $ 1,439 $ 1,509 -5% $ 6,046 5,727 6% SS 0.91 0.90 SS 0.96 -5% $ 3.83 $ 3.64 5% $ 0.93 -3% $ 3.75 $ 3.56 5% 1,572.0 1,579.0 1,578.8 1,573.0 1,595.0 1,614.9 1,610.8 1,609.4 Dividends declared per common share 0.305 (Dollars in millions) ASSETS Current assets: Cash and equivalents 0.275 1.190 $ 1.070 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) May 31, May 31, 2022 2021 % Change $ 8,574 $ 9.889 -13% Short-term investments 4,423 3,587 23% Accounts receivable, net 4,667 4,463 5% Inventories 8,420 6,854 23% Prepaid expenses and other current assets 2,129 1,498 42% Total current assets 28,213 26,291 7% Property, plant and equipment, net 4,791 4,904 -2% Operating lease right-of-use assets, net 2,926 3,113 -6% Identifiable intangible assets, net 286 269 6% Goodwill 284 242 17% Deferred income taxes and other assets 3,821 2,921 31% TOTAL ASSETS $ 40,321 $ 37,740 7% LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt 500 $ Notes payable 10 2 400% Accounts payable 3,358 2,836 Current portion of operating lease liabilities 420 467 18% -10% Accrued liabilities 6,220 6,063 3% Income taxes payable 222 306 -27% Total current liabilities 10,730 9,674 11% Long-term debt 8,920 9,413 -5% Operating lease liabilities 2,777 2,931 -5% 2,613 2,955 -12% Deferred income taxes and other liabilities Redeemable preferred stock Shareholders' equity 15,281 12,767 20% TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 40,321 $ 37,740 7%