Obtain the most recent Annual Report and 10-K for NIKE, and complete the following questions regarding the company.

For Nike 1. What method(s) does your company use to value its inventory? Compute the inventory turnover ratio for the last two years. This may require you to locate the financial statements for the most recent three years in order to compute average inventory. Comment on the trend observed. 2. Examine the financial structure of the company. Do this by calculating the amount of total liabilities and stockholders' equity as a percentage of total assets. The total should equal 100%. Which is the primary source of funding for assets and what conclusions can you draw from this? 3. Identify the major components of stockholders' equity by examining the Statement of Stockholders Equity. What types of transactions resulted in significant changes in the Stockholder Equity accounts during the most recent year? Did your company make dividend payments to stockholders during the most recent year? 4. The footnotes related to the financial statements provide valuable information about accounting policies as well as details with respect to account information. Skim through the footnotes and note two pieces of information included in the footnotes that is of particular interest. Why do you find this information interesting