Question
I need the following answered for Nike, Inc. NKE for the 2017 annual report. https://s1.q4cdn.com/806093406/files/doc_financials/2017/ar/docs/nike-2017-form-10K.pdf What is the name of the outside auditing firm for
I need the following answered for Nike, Inc. NKE for the 2017 annual report.
https://s1.q4cdn.com/806093406/files/doc_financials/2017/ar/docs/nike-2017-form-10K.pdf
What is the name of the outside auditing firm for your company?
How long after the company's year-end did the auditor's issue their opinion? Who bears primary responsibility for maintaining effective internal control over financial reporting? How can you tell? Does it appear the company has adequate internal control procedures? How can you tell? By how much did the company's cash balance change from the beginning of the year to the end of the year? What type of instruments does the company consider to be cash equivalent? Calculate the cash ratio. How does this ratio compare with the industry? What is the balance of accounts receivables for the company? Compute the acid-test ratio. If the current liabilities came due immediately, could the company pay them? Compute the accounts receivable turnover at year end. Compute days sales in receivables at year end. Based on the acid-test ratio, accounts receivable turnover, and days sales in receivables, how does the company compare to the industry?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started