Nike, Inc. Financial Ratio Analysis

Based off the attached picture, detail a Research Report on the information researched for Nike, Inc. as well as discussing the implications of what the findings mean regarding strategy creation.

Resources:

The Wall Street Journal (2023) The Wall Street Journal. Dow Jones & Company. Available at: https://www.wsj.com/market-data/quotes/NKE/financials/annual/balance-sheet (Accessed: April 15, 2023).

The Wall Street Journal (2023) The Wall Street Journal. Dow Jones & Company. Available at: https://www.wsj.com/market-data/quotes/NKE/financials/annual/income-statement (Accessed: April 15, 2023).

Nike balance sheet 2009-2023: NKE (2023) Macrotrends. Available at: https://www.macrotrends.net/stocks/charts/NKEike/balance-sheet (Accessed: April 15, 2023).

Nike financial ratios for analysis 2009-2023: NKE (no date) Macrotrends. Available at: https://www.macrotrends.net/stocks/charts/NKEike/financial-ratios (Accessed: April 15, 2023).

Historical Ratios 5/31/22 5/31/21 Current Ratio 2.63 2.72 Quick Ratio 1.84 2.01 Total Debt-to-TotaI-Assets Ratio 0.52 0.54 Total Debt-to-Equity Ratio 1.31 1.60 Times-lnterest-Earned Ratio 23 25 Inventory Turnover 2.99 3.59 Fixed Assets Turnover 6.06 5.55 Total Assets Turnover 0.97 0.97 Accounts Receivable Turnover 0 0 Average Collection Period 36.40 36.61 Gross Profit Margin % 46% 45% Operating Profit Margin % 14% 16% ROA % 13% 13% ROE % 32% 40% |_\\ |