Looking for assistance for the attached assignment it is a two part assignment one is a word document the second a financial chart. (read the attachment that says Final Project Guidelines and read under section Final Project PART II only) I have attached a paper that was already prepared comparing NIKE with UNDERARMOUR the new paper has to be similar to this but with the companies NIKE and ADDIDAS. Any stock or financial information for NIKE and ADDIDAS can be foundusually onYahoo finance. Please no plagiarizing on the paper piece as it will be useless must be original. if you have questions let me know, I am offering $13 to start until I can figure out how to add funds to my account and I will then raise the price, thanks

FIN 320 Final Project Guidelines and Rubric Final Project Part I Part I Overview Business professionals typically need to demonstrate a core set of financial knowledge to earn the job and to succeed on a job. For this part of the assessment, you will be given a scenario in which you are asked to illustrate your financial management knowledge. This part of the final project addresses the following course outcomes: Analyze the roles and responsibilities of financial managers in confirming compliance with federal and shareholder requirements Differentiate between various financial markets and institutions by comparing and contrasting options when selecting appropriate private and corporate investments Part I Prompt You have completed an internship in the finance division of a fast-growing information technology corporation. Your boss, the financial manager, is considering hiring you for a full-time job. He first wants to evaluate your financial knowledge and has provided you with a short examination. When composing your answers to this employment examination, ensure that they are cohesive and read like a short essay. Your submission must address the following critical elements: I. Analyze Roles and Responsibilities for Compliance A. Examine the types of decisions financial managers make. How are these decisions related to the primary objective of financial managers? B. Analyze the various ethical issues a financial manager could potentially face and how these could be handled. C. Compare and contrast the different federal safeguards that are in place to reduce financial reporting abuse. Why are these considered appropriate safeguards? II. Investment Options A. If a private company is \"going public,\" what does this mean, and how would the company do this? What are the advantages of doing this? Do you see any disadvantages? If so, what are they? B. How do the largest U.S. stock markets differ? Out of those choices, which would be the smartest private investment option, in your opinion? Why? C. Compare and contrast the various investment products that are available and the types of institutions that sell them. Final Project Part I Rubric Guidelines for Submission: Ensure that your employment examination is submitted as one comprehensive and cohesive short essay. It should use double spacing, 12-point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Roles and Responsibilities: Examine Exemplary (100%) Meets \"Proficient\" criteria and includes examples in analysis Roles and Responsibilities: Analyze Meets \"Proficient\" criteria, and analysis indicates a clear understanding of ethical standards in finance Roles and Meets \"Proficient\" criteria, and Responsibilities: analysis indicates a clear Compare and Contrast understanding of federal safeguards in finance Investment: Private Company Meets \"Proficient\" criteria and includes examples in analysis Investment: U.S. Stock Meets \"Proficient\" criteria and Markets explains choice of smartest stock market to invest private money into Proficient (85%) Comprehensively examines the types of decisions financial managers make, including how these decisions are related to their primary objective Needs Improvement (55%) Examines the types of decisions financial managers make, including how these decisions are related to their primary objective, but examination is not comprehensive Comprehensively analyzes the Analyzes the various ethical issues various ethical issues a financial a financial manager could manager could potentially face potentially face and how these and how these issues could be issues could be handled, but handled analysis is not comprehensive Accurately analyzes different Analyzes different federal federal safeguards that are in safeguards that are in place to place to reduce financial reduce financial reporting abuse, reporting abuse, including why but analysis is inaccurate or these safeguards are appropriate cursory, or analysis of why these safeguards are appropriate is inaccurate or cursory Comprehensively compares and Compares and contrasts the contrasts the advantages and advantages and disadvantages of disadvantages of a company a company \"going public\" versus \"going public\" versus staying staying private, but analysis is not private comprehensive Comprehensively and accurately Differentiates between the differentiates between the largest largest U.S. stock markets, but U.S. stock markets and indicates analysis is inaccurate or cursory choice of smartest stock market or is missing choice of smartest to invest private money into stock market to invest private money into Not Evident (0%) Does not examine the types of decisions financial managers make Value 15.83 Does not analyze the various ethical issues a financial manager could potentially face and how these issues could be handled 15.83 Does not analyze different federal safeguards 15.83 Does not compare and contrast the advantages and disadvantages of a company \"going public\" versus staying private Does not differentiate between the largest U.S. stock markets 15.83 15.83 Investment: Compare and Contrast Articulation of Response Meets \"Proficient\" criteria and includes both foreign and domestic institutions Comprehensively compares and contrasts the various investment products available and the types of institutions that sell them Submission is free of errors Submission has no major errors related to citations, grammar, related to citations, grammar, spelling, syntax, and organization spelling, syntax, or organization and is presented in a professional and easy to read format Compares and contrasts the various investment products and the types of institutions that sell them, but analysis is not comprehensive Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not compare and contrast the various investment products and the types of institutions that sell them 15.83 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 5.02 100% Final Project Part II Part II Overview For this part of the final project, you will be given a scenario in which you are asked to illustrate your financial computation and analysis skills. This part of the assessment addresses the following course outcomes: Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success Analyze corporate financial data for multiple companies in evaluating past and future financial performances Part II Prompt For this section of your employment exam, you will select two companies. The first company needs to come from your TDAU thinkorswim portfolio. The second needs to be a competitor of the first company from the same industry. You will be responsible for collecting, synthesizing, and making decisions regarding both companies. After evaluating these companies' financial data, you will then decide which company's stock is the better investment. This section of your employment examination must be submitted in two parts. Part A will contain the workbooks that house all of your quantitative data and formulas, along with any of the information that is relevant for your chosen companies. Part B will contain your answers to the questions asked below, composed in a cohesive manner. If you are referring to data that is found within the workbooks in Part A, be sure to include a citationfor example, \"rate of return is 3.570 USD (E64, WB2),\" where E64 is the cell that the calculation took place in and WB2 is designating \"workbook 2.\" This ensures that your instructor can quickly and accurately check data entry, formula use, and financial calculations. Your submission must address the following critical elements: I. Preparing the Workbooks A. Download the annual income statements, balance sheets, and cash flow statements for the last three completed fiscal years for your chosen companies. This information must be included in your final submission. B. Prepare a worksheet for each of the companies to display their financial data for the last three fiscal years. Ensure your data is accurate and organized. Include these worksheets as a workbook in your final submission. C. Find historical stock prices for both companies and add this information to the respective spreadsheets. Consider the appropriate date range you should use. II. Three-Year Returns A. What is the three-year return on the stock price of the first company (Company A)? How is the stock performing? Ensure that you use the appropriate formula in your spreadsheets to calculate the three-year return on the given company's stock price. B. What is the three-year return on the stock price of the second company (Company B)? How is this stock performing? Ensure that you use the appropriate formula in your spreadsheets to calculate the three-year return on your chosen company's stock price. C. How do these two stocks compare in terms of three-year returns? What does this indicate about these two companies? III. Financial Calculations A. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the price-to-earnings ratio for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. B. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the debt-to-equity ratios for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. C. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the return-on-equity ratios for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. D. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the earnings per share for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. E. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the profit margins for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. F. Using the appropriate spreadsheets, which are to be included in the workbooks, calculate the free cash flows for the last three fiscal years of the given and your chosen companies. Be sure that you are entering and using the correct formula. IV. Industry Averages A. Obtain current industry averages of three of the financial calculations above for both companies and add this information to your spreadsheet for comparison. Ensure the accuracy and organization of your data. B. In this context, how is each company's financial health? How do these two companies compare to one another? Consider the appropriate date range you should use. V. Performance Over Time A. Analyze the performance of the Company A over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier. B. Analyze the performance of your Company B over time. What financial strengths and weaknesses does this company have? Consider addressing the free cash flows and ratios you calculated earlier. C. Analyze how the data differ between these two companies. Why do you think this is? Consider addressing the free cash flows and ratios you calculated earlier. VI. Investment A. Are the companies considered growth or value companies? Why? B. Which company's stock is the better investment? Consider supporting your answer with data. Final Project Part II Rubric Guidelines for Submission: This part of the final project will be submitted in two parts. Part A will contain the workbooks that house all of your quantitative data and formulas, along with any of the information that is relevant for your chosen company. Part B will contain your answers to the prompts, composed in a cohesive manner. Part B should use double spacing, 12-point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Preparing: Download Exemplary Preparing: Worksheet Preparing: Stock Prices Returns: Company A Meets \"Proficient\" criteria and logically explains reasoning behind indication of stock performance (100%) Returns: Company B Meets \"Proficient\" criteria and logically explains reasoning behind indication of stock performance (100%) Proficient Downloads and includes annual income statements, balance sheets, and cash flow statements for the last three fiscal years for chosen companies (100%) Prepares worksheet for chosen and given companies, displaying all financial data for the last three fiscal years in an accurate and organized manner (100%) Adds historical stock prices for an appropriate date range for the chosen and given companies to their respective worksheets (100%) Correctly calculates the threeyear return on the stock price of the given company and accurately indicates how this stock is performing (85%) Correctly calculates the threeyear return on the stock price of the chosen company and accurately indicates how this stock is performing (85%) Needs Improvement Downloads and includes annual income statements, balance sheets, and cash flow statements for chosen companies but is missing various components (55%) Not Evident Does not download and include annual income statements, balance sheets, and cash flow statements for the last three fiscal years for chosen companies (0%) Does not prepare worksheets for both the chosen and given companies (0%) Value 2 Adds historical stock prices for the chosen and given companies, but data has been inaccurately entered or is not for an appropriate date range (55%) Does not add historical stock prices for the given and chosen companies to their respective worksheets (0%) 2 Calculates the three-year return on the stock price of the given company, but calculation is incorrect or indication of how this stock is performing is inaccurate or missing (55%) Calculates the three-year return on the stock price of the chosen company, but calculation is incorrect or indication of how this stock is performing is inaccurate or missing (55%) Does not calculate the threeyear return on the stock price of the given company (0%) 5.63 Does not calculate the threeyear return on the stock price of the chosen company (0%) 5.63 Prepares worksheet for chosen and given companies, displaying financial data for the last three fiscal years, but worksheets are unorganized, inaccurate, or incomplete (55%) 2 Returns: Compare Meets \"Proficient\" criteria, and explanation demonstrates nuanced understanding of three-year returns and their implications (100%) Calculations: Price-toEarnings Ratios Calculations: Debt-toEquity Ratios Calculations: Returnon-Equity Ratios Calculations: Earnings Per Share Calculations: Profit Margins Calculations: Free Cash Flows Industry Averages: Industry Averages Industry Averages: Financial Health Meets \"Proficient\" criteria and includes current industry averages within an appropriate date range (100%) Compares the three-year returns of the given and chosen companies, explaining what this indicates about each company (85%) Correctly calculates the priceto-earnings ratios for the last three fiscal years of the given and chosen companies (100%) Correctly calculates the debtto-equity ratios for the last three fiscal years of the given and chosen companies (100%) Correctly calculates the returnon-equity ratios for the last three fiscal years of the given and chosen companies (100%) Correctly calculates the earnings per share for the last three fiscal years of the given and chosen companies (100%) Correctly calculates the profit margins for the last three fiscal years of the given and chosen companies (100%) Correctly calculates the free cash flows for the last three fiscal years of the given and chosen companies (100%) Adds current industry averages for chosen and given companies to worksheet in an accurate and organized manner (100%) Analyzes the given and chosen companies' financial health by comparing the two companies' current industry averages (85%) Compares the three-year returns of the given and chosen companies, but explanation of what this indicates about each company is cursory or missing (55%) Calculates the price-to-earnings ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Calculates the debt-to-equity ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Calculates the return-on-equity ratios of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Calculates the earnings per share of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Calculates the profit margins of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Calculates the free cash flows of the given and chosen companies, but calculations are incorrect or do not consider the last three fiscal years (55%) Adds current industry averages for chosen and given companies to worksheets, but some data is inaccurate, unorganized, or missing (55%) Analyzes the given and chosen companies' financial health by comparing the two companies' industry averages but does not consider the current industry rates (55%) Does not compare the threeyear returns of the given and chosen companies (0%) 6.43 Does not calculate the price-toearnings ratios of the given and chosen companies (0%) 5.63 Does not calculate the debt-toequity ratios of the given and chosen companies (0%) 5.63 Does not calculate the returnon-equity ratios of the given and chosen companies (0%) 5.63 Does not calculate the earnings per share ratios of the given and chosen companies (0%) 5.63 Does not calculate the profit margins of the given and chosen companies (0%) 5.63 Does not calculate the free cash flows of the given and chosen companies (0%) 5.63 Does not add current industry averages for chosen and given companies to worksheets (0%) 2 Does not analyze the given and chosen companies' financial health (0%) 6.43 Performance: Company Meets \"Proficient\" criteria and A references free cash flow and ratios calculated for the given company in analysis (100%) Performance: Company Meets \"Proficient\" criteria and B references free cash flow and ratios calculated for the chosen company in analysis (100%) Performance: Differ Meets \"Proficient\" criteria and references the companies' free cash flows and ratios calculated in analysis (100%) Comprehensively analyzes the strengths and weaknesses of the given company over time (85%) Comprehensively analyzes the strengths and weaknesses of the chosen company over time (85%) Accurately contrasts the performances of the given and chosen companies over time, including a logical, proposed explanation of these performances (85%) Comprehensively analyzes whether the companies are considered growth or value companies, including a logical explanation of why (85%) Analyzes each company's stock, including a logical explanation of personal preference of which stock to purchase (85%) Analyzes the strengths and weaknesses of the given company over time, but analysis is not comprehensive (55%) Does not analyze the strengths and weaknesses of the given company over time (0%) 6.43 Analyzes the strengths and weaknesses of the chosen company over time, but analysis is not comprehensive (55%) Does not analyze the strengths and weaknesses of the chosen company over time (0%) 6.43 Does not contrast the performances of the given and chosen companies over time (0%) 6.43 Does not analyze whether the companies are considered growth or value companies (0%) 6.43 Does not analyze each company's stock (0%) 6.43 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 1.95 Contrasts the performances of the given and chosen companies over time, but analysis is inaccurate or cursory, or the included explanation of these performances is illogical or cursory (55%) Investment: Growth or Meets \"Proficient\" criteria and Analyzes whether the companies are Value includes quantitative data to considered growth or value companies, support analysis (100%) but analysis is not comprehensive, or the explanation included is illogical or cursory (55%) Investment: Stock Meets \"Proficient\" criteria and Analyzes each company's stock, includes quantitative data to including an explanation of personal support analysis (100%) preference of stock options, but analysis or explanation is illogical or cursory (55%) Articulation of Submission is free of errors Submission has no major errors Submission has major errors related to Response related to citations, grammar, related to citations, grammar, citations, grammar, spelling, syntax, or spelling, syntax, and spelling, syntax, or organization organization that negatively impact organization and is presented in (85%) readability and articulation of main a professional and easy to read ideas (55%) format (100%) Earned Total 100% Final Project Part III Part III Overview To make corporate finance decisions, take an advanced finance course, or pursue a career in finance, you will need to understand basic concepts. This includes going beyond the number crunching and reading graphs in order to analyze various financial indicators. This analysis can lead to many important decisions in your financial career. For this part of the final project, you will be given a scenario in which you are asked to illustrate your financial knowledge and analysis skills. This part of the assessment addresses the following course outcomes: Analyze the roles and responsibilities of financial managers in confirming compliance with federal and shareholder requirements Differentiate between various financial markets and institutions by comparing and contrasting options when selecting appropriate private and corporate investments Compute financial ratios, time value, variables, and returns using industry standard tools for optimizing financial success Analyze corporate financial data for multiple companies in evaluating past and future financial performances Part III Prompt The results of both sections of your employment examination have finally been received, and you were offered the position. You have a few important decisions to make before you can formally accept or decline the position. When composing your answers to these decisions, ensure that they are cohesive and read like a short essay. Your submission must address the following critical elements: I. School Versus Work A. The school you would like to attend costs $100,000. To help finance your education, you need to choose whether or not to sell your 1,000 shares of Apple stock, 1,000 EE Savings Bonds (with $100 denominations and 4.25% coupon rate) that are five years from their 30-year maturity date, or a combination of both. Provide the appropriate data and calculations that you would perform to make this decision. B. What are the advantages and disadvantages of selling a combination of stocks and bonds? Be sure to support your answers. C. Suppose that you choose to sell your stocks, bonds, or a combination of both. What is your choice, and what is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. D. Suppose that you choose to accept the job. What is your financial reasoning behind this choice? Be sure to support your answer with quantitative data. II. Bonus Versus Stock A. The company has offered you a $5,000 bonus, which you may receive today, or 100 shares of the company's stock, which has a current stock price of $50 per share. Mathematically, what is the best choice? Why? B. What are the advantages and disadvantages of each option? Be sure to support your answers. C. What would you ultimately choose to do? What is your financial reasoning behind this choice? Consider supporting your answer with quantitative data. III. Compliance A. While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder? Be sure to reference any applicable statutes or laws. B. You know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant? Final Project Part III Rubric Guidelines for Submission: Please ensure that your decision plan is submitted as one comprehensive and cohesive short essay. It should use double spacing, 12point Times New Roman font, and one-inch margins. Citations should be formatted according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements School Versus Work: Finance Your Education School Versus Work: Advantages and Disadvantages School Versus Work: Choose to Sell School Versus Work: Accept the Job Bonus Versus Stock: Offered Exemplary Proficient Accurately calculates the worth of stocks, bonds, and combinations of stocks and bonds, including the appropriate data and calculations with submission (100%) Meets \"Proficient\" criteria and Comprehensively differentiates provides historical data, as well the advantages and as quantitative data, to support disadvantages of selling a answer (100%) combination of stocks and bonds and provides support for answer (85%) Meets \"Proficient\" criteria and Examines choice to sell stocks, supports examination with bonds, or combination of both, quantitative data (100%) explaining the financial reasoning behind the choice (85%) Meets \"Proficient\" criteria and Examines choice to accept the supports examination with job, explaining the financial quantitative data (100%) reasoning behind the choice (85%) Meets \"Proficient\" criteria, and Accurately calculates the best explanation of the best choice choice of receiving a cash bonus demonstrates nuanced versus receiving company stock, understanding of the time-value including an explanation of the of money (100%) best choice (85%) Needs Improvement Calculates the worth of stocks, bonds, and combinations of stocks and bonds, but calculation is inaccurate or appropriate data and/or calculations are not included in submission (55%) Differentiates the advantages and disadvantages of selling a combination of stocks and bonds, but analysis is not comprehensive or support is cursory or missing (55%) Examines choice to sell stocks, bonds, or combination of both, but explanation of the financial reasoning behind the choice is cursory or missing (55%) Examines choice to accept the job, but explanation of the financial reasoning behind the choice is cursory or missing (55%) Calculates the best choice of receiving a cash bonus versus receiving company stock, but calculation is inaccurate or explanation of best choice is cursory or missing (55%) Not Evident Does not calculate the worth of stocks, bonds, and combinations of stocks and bonds (0%) Value 11.88 Does not differentiate the advantages and disadvantages of selling a combination of stocks and bonds (0%) 11.88 Does not examine choice to sell stocks, bonds, or combination of both (0%) 7.92 Does not examine choice to accept the job (0%) 7.92 Does not calculate the best choice of receiving a cash bonus versus receiving company stock (0%) 11.88 Bonus Versus Stock: Advantages and Disadvantages Meets \"Proficient\" criteria, and analysis includes quantitative data (100%) Comprehensively analyzes the advantages and disadvantages of the cash and stock options, supporting each option (85%) Analyzes the advantages and disadvantages of the cash and stock options, but analysis is not comprehensive or support for each option is cursory or missing (55%) Bonus Versus Stock: Meets \"Proficient\" criteria and Chooses cash or stock option, Chooses cash or stock option, Choose supports choice with including logical financial including financial reasoning quantitative data (100%) reasoning behind the choice behind the choice, but reasoning (85%) is illogical or missing (55%) Compliance: Meets \"Proficient\" criteria and Comprehensively analyzes the Analyzes the influence of Investigating references demonstrate influence of noncompliance on noncompliance on potential knowledge of current events in potential employees and employees and potential finance (100%) potential shareholders, including shareholders, but analysis is not references to statutes and laws comprehensive or support does in analysis (85%) not include references to statutes or laws (55%) Compliance: Accepting Meets \"Proficient\" criteria, and Comprehensively analyzes the Analyzes the federal and analysis demonstrates nuanced federal and shareholder shareholder requirements understanding of requirements requirements necessary for a necessary for a financial manager for compliance with federal laws financial manager to become to become familiar with in order (100%) familiar with in order to ensure to ensure compliance, but compliance (85%) analysis is not comprehensive (55%) Articulation of Submission is free of errors Submission has no major errors Submission has major errors Response related to citations, grammar, related to citations, grammar, related to citations, grammar, spelling, syntax, and spelling, syntax, or organization spelling, syntax, or organization organization and is presented in (85%) that negatively impact readability a professional and easy to read and articulation of main ideas format (100%) (55%) Does not analyze the advantages or disadvantages of the cash and stock options (0%) 11.88 Does not choose cash or stock option (0%) 7.92 Does not analyze the influence of noncompliance on potential employees or potential shareholders (0%) 11.88 Does not analyze the federal and shareholder requirements necessary for a financial manager to become familiar with in order to ensure compliance (0%) 11.88 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%) 4.96 Earned Total 100% NIKE Inc (NYS: NKE) Stock Prices Day No. Date Open 1 05/25/2017 52.38 2 05/24/2017 52.25 3 05/23/2017 51.98 4 05/22/2017 51.77 5 05/19/2017 51 6 05/18/2017 51.97 7 05/17/2017 52.39 High Low 52.59 52.21 52.3 51.74 52.625 51.88 51.96 51.4 52.11 50.81 52.08 51.3 52.87 51.8 Price Change: Rate of Return: Close 52.35 52.01 52.2 51.57 51.77 51.68 51.8 Volume Price Move (%) 7627439 0.65 9403203 -0.36 11087298 1.22 13671518 -0.39 20043766 0.17 22576364 -0.23 18341473 -1.86 -1.21 1.062 References NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/equitypricing.php? pagetype=report&compnumber=16861 NIKE Inc (NYS: NKE) Balance Sheet Period Ending Current Assets 5/31/2016 Cash And Cash Equivalents 3,138,000 Short Term Investments 2,319,000 Net Receivables 3,241,000 Inventory 4,838,000 Other Current Assets 1,489,000 Total Current Assets 15,025,000 Long Term Investments Property Plant and Equipment 3,520,000 Goodwill 131,000 Intangible Assets 281,000 Accumulated Amortization Other Assets Deferred Long Term Asset Charges 2,439,000 Total Assets 21,396,000 Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilitie s Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill 5,313,000 45,000 5,358,000 2,010,000 1,770,000 9,138,000 Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 3,000 4,151,000 7,786,000 318,000 Stoc khol 12,258,000 Tan der gibl 11,846,000 e Ass References NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=BS&range=3¤cy=As Rep&scale=AsRep&Submit=Refresh NKE Balance Sheet. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/balance-sheet?p=NKE 2016 Current Ratio = Current Assets Current Liabilities 15,025,000 5,358,000 2.80422 Debt/Equity Ratio = Total Liabilities Total Shareholders' Equity 9,138,000 12,258,000 0.74547 Return on Equity = Net Income Shareholder's Equity 3,760,000 12,258,000 0.30674 30.67% NIKE Inc (NYS: NKE) Balance Sheet Period Ending Current Assets 5/31/2015 Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets 3,852,000 2,072,000 3,358,000 4,337,000 1,968,000 15,587,000 3,011,000 131,000 281,000 2,587,000 21,597,000 Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities 6,151,000 181,000 6,332,000 1,079,000 1,479,000 8,890,000 Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 3,000 4,685,000 6,773,000 1,246,000 Total Stockhold 12,707,000 er Equity Net Tangible Assets 12,295,000 References NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=BS&range=3¤cy= AsRep&scale=AsRep&Submit=Refresh NKE Balance Sheet. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/balance-sheet?p=NKE 2015 Current Ratio = Current Assets Current Liabilities 15,587,000 2.4616234997 6,332,000 Debt/Equity Ratio = Total Liabilities Total Shareholders' Equity 8,890,000 0.6996143858 12,707,000 Return on Equity = Net Income Shareholder's Equity 3,273,000 0.2575745652 25.75745652 12,707,000 NIKE Inc (NYS: NKE) Balance Sheet Period Ending Current Assets 5/31/2014 Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets 2,220,000 2,922,000 3,789,000 3,947,000 818,000 13,696,000 2,834,000 131,000 282,000 1,651,000 18,594,000 Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities 4,853,000 174,000 5,027,000 1,199,000 1,544,000 7,770,000 Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity 3,000 4,871,000 Total Stockholde Net rTangible Equity Assets References NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? 5,865,000 85,000 10,824,000 10,411,000 http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=BS&range=3¤cy=AsRep& scale=AsRep&Submit=Refresh NKE Balance Sheet. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/balance-sheet?p=NKE 2014 Current Ratio = Current Assets Current Liabilities 13,696,000 2.724488 5,027,000 Debt/Equity Ratio = Total Liabilities Total Shareholders' Equity 7,770,000 0.717849 10,824,000 Return on Equity = Net Income Shareholder's Equity 2,693,000 0.248799 24.8799 10,824,000 NIKE Inc (NYS: NKE) Income Statement Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 5/31/2016 32,376,000 17,405,000 14,971,000 10,469,000 4,502,000 140,000 4,623,000 4,623,000 863,000 3,760,000 3,760,000 3,760,000 x1000= References Financial Statements for Nike Inc - Google Finance. (2017). Google. Retrieved 4 June 2017, from https://www.google.com/finance?q=NYSE%3ANKE&fstype=ii&ei=FpozWeDBM8-Te4GIrPAM NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=PL&range=3¤cy=AsRep&scale= AsRep&Submit=Refresh NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/financials?p=NKE Earnings per Share = Net Income # Share Outstanding Price/Earning Ratio = Price Earning per Share Net Profit Margin= Net Income Sales 4 June 2017, from BM8-Te4GIrPAM Shares Outstanding Closing Price May 31 3,760,000,000 for EPS 2016 1,682,000 55.22 2.2354 2 0 1 6 24.70214 11.61354 2015 1,712,000 50.84 11.60% 2014 1,562,000 38.46 NIKE Inc (NYS: NKE) Income Statement Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 5/31/2015 30,601,000 16,534,000 14,067,000 Earnings per Share = Price/Earning Ratio = 9,892,000 - Net Profit Margin= 4,175,000 58,000 4,205,000 Shares Outstanding Closing Price May 31 4,205,000 932,000 3,273,000 3,273,000 3,273,000 x1,000= 3,273,000,000 References Financial Statements for Nike Inc - Google Finance. (2017). Google. Retrieved 4 June 2017, from https://www.google.com/finance?q=NYSE%3ANKE&fstype=ii&ei=FpozWeDBM8Te4GIrPAM NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=PL&range=3¤ cy=AsRep&scale=AsRep&Submit=Refresh NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/financials?p=NKE NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/financials?p=NKE Net Income # Share Outstanding 1.9118 Price Earning per Share 26.5927528262 Net Income Sales 10.69572890 s Outstanding g Price May 31 2016 1,682,000 55.22 2015 1,712,000 50.84 2 0 1 5 10.70% 2014 1,562,000 38.46 NIKE Inc (NYS: NKE) Income Statement Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 5/31/2014 27,799,000 15,353,000 12,446,000 Earnings per Share = Price/Earning Ratio = 8,766,000 - Net Profit Margin= 3,680,000 -103,000 3,544,000 Shares Outstanding Closing Price May 31 3,544,000 851,000 2,693,000 2,693,000 2,693,000 x1000 2,693,000,000 References Financial Statements for Nike Inc - Google Finance. (2017). Google. Retrieved 4 June 2017, from https://www.google.com/finance?q=NYSE%3ANKE&fstype=ii&ei=FpozWeDBM8Te4GIrPAM NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=PL&range=3&curre ncy=AsRep&scale=AsRep&Submit=Refresh NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/financials?p=NKE NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/financials?p=NKE Net Income # Share Outstanding 1.7241 Price Earning per Share 22.3076568882 Net Income Sales 9.687399 s Outstanding g Price May 31 2016 1,682,000 55.22 2015 1,712,000 50.84 2 0 1 4 9.70% 2014 1,562,000 38.46 NIKE Inc (NYS: NKE) Cash Flow Period Ending 5/31/2016 Net Income 3,760,000 Operating Activities, Cash Flows Provided By or Used In Depreciation 662,000 Adjustments To Net Income 254,000 Changes In Accounts Receivables 60,000 Changes In Liabilities -889,000 Changes In Inventories -590,000 Changes In Other Operating Activities -161,000 Total Cash Flow From Operating Activities 3,096,000 Investing Activities, Cash Flows Provided By or Used In Capital Expenditures -1,143,000 Investments 93,000 Other Cash flows from Investing Activities 16,000 Total Cash Flows From Investing Activities -1,034,000 Financing Activities, Cash Flows Provided By or Used In Dividends Paid -1,022,000 Sale Purchase of Stock -2,731,000 Net Borrowings 868,000 Other Cash Flows from Financing Activities Total Cash Flows From Financing Activities -2,671,000 Effect Of Exchange Rate Changes -105,000 Change In Cash and Cash Equivalents -714,000 Free Cash Flow 2016 References NIKE Inc (NYS: NKE). (2017). Mergent Online. Retrieved 25 May 2017, from http://www.mergentonline.com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=16861&period=Annuals&dataarea=CF&range=3&c urrency=AsRep&scale=AsRep&Submit=Refresh NKE Income Statement. (2017). Yahoo! Finance. Retrieved 25 May 2017, from https://finance.yahoo.com/quote/NKE/cash-flow?p=NKE 1,953,000 NIKE Inc (NYS: NKE) Cash Flow Period Ending Net Income Operating Activities, Cash Flows Provided By or Used In Depreciation Adjustments To Net Income Changes In Accounts Receivables Changes In Liabilities Changes In Inventories Changes In Other Operating Activities Total Cash Flow From Operating Activities Investing Activities, Cash Flows Provided By or Used In Capital Expenditures Investments Other Cash flows from Investing Activities Total Cash Flows From Investing Activities Financing Activities, Cash Flows Provided By or Used In Dividends Paid Sale Purchase of Stock Net Borrowings Other Cash Flows from Financing Activities Total Cash Flows From Financing Activities Effect Of Exchange Rate Changes Change In Cash and Cash Equivalents 5/31/2015 3,273,000 649,000 502,000 -216,000 1,237,000 -621,000 -144,000 4,680,000 -963,000 785,000 3,000 -175,000 -899,000 -2,020,000 -26,000 -2,790,000 -83,000 1,632,000 Free Cash Flow 2015 Free Cash Flow 2015 3,717,000 NIKE Inc (NYS: NKE) Cash Flow Period Ending Net Income Operating Activities, Cash Flows Provided By or Used In Depreciation Adjustments To Net Income Changes In Accounts Receivables Changes In Liabilities Changes In Inventories Changes In Other Operating Activities Total Cash Flow From Operating Activities Investing Activities, Cash Flows Provided By or Used In Capital Expenditures Investments Other Cash flows from Investing Activities Total Cash Flows From Investing Activities Financing Activities, Cash Flows Provided By or Used In Dividends Paid Sale Purchase of Stock Net Borrowings Other Cash Flows from Financing Activities Total Cash Flows From Financing Activities Effect Of Exchange Rate Changes Change In Cash and Cash Equivalents 5/31/2014 2,693,000 586,000 222,000 -298,000 525,000 -505,000 -210,000 3,013,000 -880,000 -328,000 1,000 -1,207,000 -799,000 -2,245,000 -77,000 -2,914,000 -9,000 -1,117,000 Free Cash Flow 2014 Free Cash Flow 2014 2,133,000 Under Armour Inc (NYS: UAA) Balance Sheet All numbers in thousands Period Ending Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 12/31/2016 250,470 622,685 917,491 174,507 1,965,153 804,211 563,591 64,310 110,204 136,862 3,644,331 618,429 27,000 40,387 685,816 790,388 137,227 1,613,431 145 1,259,414 823,484 -52,143 2,030,900 1,402,999 Under Armour Inc (NYS: UAA) Balance Sheet All numbers in thousands Period Ending Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 12/31/2015 129,852 433,638 783,031 152,242 1,498,763 538,531 585,181 75,686 75,652 92,157 2,865,970 393,395 42,000 43,415 478,810 624,070 94,868 1,197,748 144 1,076,533 636,558 -45,013 1,668,222 1,007,355 Under Armour Inc (NYS: UAA) Balance Sheet All numbers in thousands Period Ending Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets Total Current Assets Long Term Investments Property Plant and Equipment Goodwill Intangible Assets Accumulated Amortization Other Assets Deferred Long Term Asset Charges Total Assets Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Deferred Long Term Liability Charges Minority Interest Negative Goodwill Total Liabilities Stockholders' Equity Misc. Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Net Tangible Assets 12/31/2014 593,175 332,333 536,714 87,177 1,549,399 305,564 123,256 26,230 57,064 33,570 2,095,083 358,113 28,951 34,563 421,627 255,250 67,906 744,783 71 856,687 508,350 -14,808 1,350,300 1,200,814 Income Statement All numbers in thousands Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items Net Income Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 12/31/2016 4,825,335 2,584,724 2,240,611 1,823,140 417,471 -2,755 414,716 26,434 388,282 131,303 256,979 256,979 197,979 Income Statement All numbers in thousands Revenue Total Revenue Cost of Revenue Gross Profit Operating Expenses Research Development Selling General and Administrative Non Recurring Others Total Operating Expenses 12/31/2016 12/31/2015 12/31/2014 4,825,335 3,963,313 3,084,370 2,584,724 2,057,766 1,572,164 2,240,611 1,905,547 1,512,206 - 1,823,140 - Operating Income or Loss 1,497,000 - 1,158,251 - 417,471 408,547 353,955 Total Other Income/Expenses Net -2,755 -7,234 -6,410 Earnings Before Interest and Taxes 414,716 401,313 347,545 26,434 14,628 5,335 Income Before Tax 388,282 386,685 342,210 Income Tax Expense 131,303 154,112 134,168 Income from Continuing Operations Interest Expense Minority Interest Net Income From Continuing Ops Non-recurring Events - - 256,979 - 232,573 208,042 Discontinued Operations - - - Extraordinary Items - - - Effect Of Accounting Changes - - - Other Items - - - Net Income Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares 256,979 - 232,573 - 197,979 208,042 - 232,573 208,042 Running head: MILESTONE TWO 1 FIN 320 Final Project Part Two: Under Armour and Nike Southern New Hampshire University MILESTONE TWO 2 In the attached Excel workbook, a look at Under Armour and Nike can be found. These two companies will be looked at in order to determine which would be a better company to invest in. In the below document, a more in depth financial performance can be found. Three-Year Returns The first look at these two companies is in regards to their three-year returns. These returns are based off a random seven-day stock period in order to determine how these two companies compare. Under Armour demonstrated a three-year return of 4.28% under the tab, Under Armour Stock Prices in W2 in cell D44. Based on this three-year return, Under Armour is performing moderately and an investor would see a return on their investment over a period of time. Nike demonstrated a lower three-year return of 2.11% under the tab, Nike Stock Prices in W2 in cell D44. Based on this three-year return, Nike is performing slightly below average compared to its competitor. Both companies are able to see a positive three-year return, however, Under Armour appears to edge out Nike in the end by performing twice as well. Financial Calculations When it comes to financial calculations for each company for a three-year period (20132015), Under Armour will be looked at first and then Nike will follow. Please note all numbers are in the millions or billions. When it comes to the current ratio it is 2.65 USD for 2013 under the tab, Under Armour Balance Sheet in W2 in cell O8. The current ratio for 2014 is 3.67 USD under the tab, Under Armour Balance Sheet in W2 in cell N8. Finally, the current ratio for 2015 is 3.13 USD under the tab, Under Armour Balance Sheet in W2 in cell M8. When it comes to the price-to-earnings ratio it is 92.30 USD for 2013 under the tab, Under Armour Income Statement in W2 in cell P12. The price-to-earnings ratio for 2014 is 57.87 MILESTONE TWO 3 USD under the tab, Under Armour Income Statement in W2 in cell O12. Finally, the price-toearnings ratio for 2015 is 62.96 USD under the tab, Under Armour Income Statement in W2 in cell N12. When it comes to the debt-to-equity ratio it is 0.50 USD for 2013 under the tab, Under Armour Balance Sheet in W2 in cell O9. The debt-to-equity ratio for 2014 is 0.55 USD under the tab, Under Armour Balance Sheet in W2 in cell N9. Finally, the debt-to-equity ratio for 2015 is 0.72 USD under the tab, Under Armour Balance Sheet in W2 in cell M9. When it comes to the return-on-equity ratio it is 15.4% for 2013 under the tab, Under Armour Balance Sheet in W2 in cell O13. The return-on-equity ratio for 2014 is 15.4% under the tab, Under Armour Balance Sheet in W2 in cell N13. Finally, the return-on-equity ratio for 2015 is 13.9% under the tab, Under Armour Balance Sheet in W2 in cell M13. When it comes to the return on assets ratio it is 0.95 USD for 2013 under the tab, Under Armour Income Statement in W2 in cell P11. The return on assets ratio for 2014 is 1.17 USD under the tab, Under Armour Income Statement in W2 in cell O11. Finally, the return on assets ratio for 2015 is 1.28 USD under the tab, Under Armour Income Statement in W2 in cell N11. When it comes to the profit margin ratio it is 7.0% for 2013 under the tab, Under Armour Income Statement in W2 in cell P14. The profit margin ratio for 2014 is 6.7% under the tab, Under Armour Income Statement in W2 in cell O14. Finally, the profit margin ratio for 2015 is 5.9% under the tab, Under Armour Income Statement in W2 in cell N14. When it comes to the free cash flow ratio it is 207,900 USD for 2013 under the tab, Under Armour Cash Flow in W2 in cell Q10. The free cash flow ratio for 2014 is 359,561 USD under the tab, Under Armour Cash Flow in W2 in cell P10. Finally, the free cash flow ratio for 2015 is 254,824 USD under the tab, Under Armour Cash Flow in W2 in cell O10. MILESTONE TWO 4 When it comes to the current ratio it is 3.44 USD for 2013 under the tab, Nike Balance Sheet in W2 in cell O8. The current ratio for 2014 is 2.72 USD under the tab, Nike Balance Sheet in W2 in cell N8. Finally, the current ratio for 2015 is 2.52 USD under the tab, Nike Balance Sheet in W2 in cell M8. When it comes to the price-to-earnings ratio it is 4.46 USD for 2013 under the tab, Nike Income Statement in W2 in cell P12. The price-to-earnings ratio for 2014 is 4.97 USD under the tab, Nike Income Statement in W2 in cell O12. Finally, the price-to-earnings ratio for 2015 is 5.32 USD under the tab, Nike Income Statement in W2 in cell N12. When it comes to the debt-to-equity ratio it is 0.58 USD for 2013 under the tab, Nike Balance Sheet in W2 in cell O9. The debt-to-equity ratio for 2014 is 0.72 USD under the tab, Nike Balance Sheet in W2 in cell N9. Finally, the debt-to-equity ratio for 2015 is 0.70 USD under the tab, Nike Balance Sheet in W2 in cell M9. When it comes to the return-on-equity ratio it is 22.3% for 2013 under the tab, Nike Balance Sheet in W2 in cell O13. The return-on-equity ratio for 2014 is 24.9% under the tab, Nike Balance Sheet in W2 in cell N13. Finally, the return-on-equity ratio for 2015 is 25.8% under the tab, Nike Balance Sheet in W2 in cell M13. When it comes to the return on assets ratio it is 13.83 USD for 2013 under the tab, Nike Income Statement in W2 in cell P11. The return on assets ratio for 2014 is 15.48 USD under the tab, Nike Income Statement in W2 in cell O11. Finally, the return on assets ratio for 2015 is 19.10 USD under the tab, Nike Income Statement in W2 in cell N11. When it comes to the profit margin ratio it is 9.8% for 2013 under the tab, Nike Income Statement in W2 in cell P14. The profit margin ratio for 2014 is 9.7% under the tab, Nike Income MILESTONE TWO 5 Statement in W2 in cell O14. Finally, the profit margin ratio for 2015 is 10.7% under the tab, Nike Income Statement in W2 in cell N14. When it comes to the free cash flow ratio it is 3,630,000 USD for 2013 under the tab, Nike Cash Flow in W2 in cell Q10. The free cash flow ratio for 2014 is 3,893,000 USD under the tab, Nike Cash Flow in W2 in cell P10. Finally, the free cash flow ratio for 2015 is 5,643,000 USD under the tab, Nike Cash Flow in W2 in cell O10. Industry Averages When it comes to the industry averages for both Under Armour and Nike: the current ratio, return on assets ratio and profit margin ratio will be looked at for each company. Please note all numbers are in the millions or billions. The current industry average for Under Armour in regards to current ratio is 2.92 USD under the tab, Under Armour Balance Sheet in W2 in cell P8. The current industry average for Nike in regards to current ratio is 3.06 USD under the tab, Nike Balance Sheet in W2 in cell P8. The current industry average for Under Armour in regards to return on assets ratio is 0.53 USD, which has been diluted, under the tab, Under Armour Income Statement in W2 in cell Q11. The current industry average for Nike in regards to return on assets ratio is 2.16 USD, which has been diluted, under the tab, Nike Income Statement in W2 in cell Q11. The current industry average for Under Armour in regards to profit margin ratio is 5.71% under the tab, Under Armour Income Statement in W2 in cell Q14. The current industry average for Nike in regards to profit margin ratio is 11.84% under the tab, Nike Income Statement in W2 in cell Q14. MILESTONE TWO 6 When it comes to each company's overall financial health, based upon the above amounts it could be said each company is in stable to good financial health. Under the current ratio, both Under Armour and Nike are comparable, with Nike being slightly ahead of Under Armour. However, when it comes to the diluted return on assets ratio Nike is doing much better than Under Armour. Finally, when it comes to the profit margins ratio, Nike is once again ahead of Under Armour. Nonetheless, neither company appears to be having financial difficulties which are demonstrated within each of these values. Performance Over Time In regards to Under Armour's performance over time, it has both strengths and weaknesses. The main weakness can be seen in the profit margin ratio, where it has steadily decreased over the three-year period. While it has remained slightly ahead in regards to industry averages, this still can be a weakness for the company. Another slight weakness can be seen in the company's return on equity ratio, which was able to hold steady between 2013 and 2014. However, between 2014 and 2015, a slight dip can be seen. A final weakness would be the changes seen in the free cash flow ratio between 2014 and 2015, where a significant drop can be noted in the previous financial calculations. Nonetheless, in regards to their return on assets ratio, Under Armour can see a strength as they are able to see a positive increase within the three-year time period. Another strength can be seen price-to-earnings ratio, where they were able to see a small recovery in 2015 from their drastic dip between 2013 and 2014. In terms of Nike's performance over time, it too has both strengths and weaknesses. The main weakness is able to be seen in the current ratio, which has seen a steady decline in the three-year period. A second weakness can be seen in terms of the debt-to-equity ratio, which saw a significant increase between 2013 and 2014. While it has decreased by 0.02 between 2014 and MILESTONE TWO 7 2015, this may not be seen as a significant improvement. In regards to strengths, the free cash flow ratio can be seen as a positive strength due to the steady climb between 2013 to 2015. Another strength can be seen in the return-on-equity ratio, which has also seen an increase over the three-year period. When both companies are looked at, a main difference can be seen in the free cash flow ratio. When it comes to Under Armour, this can be seen as a weakness. Whereas, for Nike this ratio can be seen as a strength. This could be due to the size difference between the two companies. While both are popular companies, Nike is a strong recognized brand that can be seen in both everyday and professional sports settings on a regular basis. While Under Armour is utilized in the same manner, the name recognition may not be as strong. Nike is also able to see a significantly higher total cash flow amounts from operating activities than Under Armour sees, which could contribute to the difference. Investment Based on the ratio amounts, it could be said that both companies are value companies. While both companies are successful, they do not run above-average when compared to the industry averages (Busch Investments, n.d.). Both stocks are also priced on the low end compared to others stocks, which adds to how they compare to the rest of the industry. While they are well known companies, their stocks do not necessarily reflect whether or not they would be a good investment over the long run. Regardless of this, Under Armour would prove to be the better investment of the two. This is due to their performance over time and the strengths and weaknesses that can be seen within the financial calculations. Under Armour also shows a significantly higher three-year return when compared to Nike. Therefore, while stock prices may MILESTONE TWO be considered low when compared to their competitor, they are showing improvement which could make them a good value company to invest in. 8 MILESTONE TWO 9 References Busch Investments. (n.d.). Growth Stocks vs. Value Stocks. Retrieved May 21, 2016, from http://www.buschinvestments.com/Growth-Stocks-vs--Value-Stocks.c1022.htm? ContentID=1022 Form 10-K for NIKE INC. (n.d.). Retrieved May 18, 2016, from https://biz.yahoo.com/e/150723ke10-k.html Form 10-K for UNDER ARMOUR, INC. (n.d.). Retrieved May 18, 2016, from https://biz.yahoo.com/e/160222/ua10-k.html NKE Balance Sheet | Nike, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/bs?s=NKE+Balance+Sheet&annual NKE Historical Prices | Nike, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/hp? s=NKE&a=11&b=2&c=1980&d=04&e=22&f=2013&g=d NKE Cash Flow | Nike, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/cf?s=NKE+Cash+Flow&annual NKE Key Statistics| Nike, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/ks?s=NKE+Key+Statistics NKE Income Statement | Nike, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/is?s=NKE+Income+Statement&annual UA Balance Sheet | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/bs?s=UA Balance Sheet UA Cash Flow | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/cf?s=UA Cash Flow MILESTONE TWO 10 UA Historical Prices | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/hp? s=UA&a=10&b=18&c=2005&d=04&e=21&f=2013&g=d UA Key Statistics | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/ks?s=UA+Key+Statistics UA Income Statement | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. (n.d.). Retrieved May 18, 2016, from http://finance.yahoo.com/q/is?s=UA Income Statement