Financial statement analysis $1-$How do the level and trend in Nike's profitability, efficiency, liquidity,

and solvency compare with the corresponding results of other companies in the

same industry? What factors explain any differences? $2-$Identify an example of a Non$-$GAAP $($or Non$-$IFRS$)$ measure Nike used

and the GAAP$-$equivalent of the account.

o What do you think the effect of using non$-$GAAP items was on the

firm$$s financial statements?