URGENT!! given is the annual report for nike. look at this financial statement , balance sheet , cashflow and answer the following question correctly with explanation.

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Question 1

In the most recent reporting period, how much profit did Nike earn after recognizing the cost of inventory sold?

a.

$51,217

b.

$22,292

c.

$5,070

d.

$6,201

Question 2

Use the following formula to calculate Nike's accounts receivable turnover ratio at the last two balance sheet dates:

Account receivable turnover ratio = Revenues / Accounts receivable, net

Select the correct answer below.

a.

The company collected accounts receivable faster in the most recent reporting period than the prior reporting period.

b.

The company collected accounts receivable slower in the most recent reporting period than the prior reporting period.

c.

The company collected accounts receivable at the same rate as in the prior reporting period.

Question 3

At the most recent balance sheet date, Nike's estimate of uncollectible accounts receivable was (in millions):

a.

$4,131

b.

$4,667

c.

$35

d.

$34

Question 4

At the most recent balance sheet date, the book value of Nikes property, plant and equipment was (in millions):

a.

$5,081

b.

$4,791

c.

$5,634

d.

$10,715

Question 5

At the most recent balance sheet date, the historical cost of the company's property, plant and equipment was (in millions):

a.

$5,081

b.

$5,634

c.

$10,097

d.

$10,715

Question 6

At the most recent balance sheet date, total depreciation expense recognized by Nike on property, plant and equipment since the assets were acquired was (in millions):

a.

$5081

b.

$5,634

c.

$10,715

d.

$10,097

Question 7

As a proportion of total assets, Nike's largest asset at the most recent balance sheet date was:

a.

cash and equivalents

b.

inventories

c.

accounts receivable, net

d.

property, plant and equipment, net

Question 8

Nikes depreciation method results in _________________ book value being reported on the companys balance sheet early in an assets useful life than compared to the accelerated depreciation methods.

a.

more

b.

less

c.

the same

Question 9

Nikes depreciation method results in _________________ net income being reported on the companys income statement early in an assets useful life than compared to the accelerated depreciation methods.

a.

the same

b.

less

c.

more

Question 10

In the most recent reporting period, the amount of cash paid by Nike for property, plant and equipment was (in millions)?

a.

$290

b.

$969

c.

$5,081

d.

$5,634

Question 11

Calculate Nike's return on assets ratio (net income / total assets) for the last two reporting periods. Round to two decimal places. Based on the company's return on assets ratio, the company's management:

a.

used its assets more efficiently to generate earnings.

b.

used its assets less efficiently to generate earnings.

c.

used its assets the same efficiently to generate earnings.

Question 12

Nike increased which account when it originally issued shares of its stock for cash?

a.

Retained earnings

b.

Treasury stock

c.

Common stock

d.

Revenues

Question 13

At the most recent balance sheet date, Nike's shareholder claims to the company's assets totaled (in millions) :

a.

$3

b.

$12,412

c.

$14,004

d.

$37,531

Question 14

At the most recent balance sheet date, Nike's paid-in capital totaled:

a.

$3.

b.

$12,415

c.

$1,358

d.

$14,004

Question 15

Nike's undistributed earnings at the most recent balance sheet date was (in millions):

a.

$12,415

b.

$231

c.

$1,358

d.

$14,004

Question 16

The amount of cash dividends declared by Nike during the most recent reporting period was $0.

True

False

Question 17

Did Nike pay cash to repurchase any of its common stock shares during the most recent reporting period?

a.

Yes

b.

No

Question 18

Which of Nike's financial statements is not accrual-based?

a.

Income statement

b.

Balance sheet

c.

Statement of shareholders' equity

d.

Statement of cash flows

Question 19

For the most recent reporting period, Nike's largest source of cash was from:

a.

Investing activities

b.

Operating activities

c.

Financing activities

Question 20

Nike's cash-based net income for the most recent reporting period was (in millions):

a.

$5,841

b.

$7,441

c.

$5,070

d.

$1,133

NIKE, INC. CONSOLIDATED STATEMENTS OF INCOME NIKE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME The accompenying Notes to the Consolidated Financia/ Statements are an integral part of this statement NIKE, INC. CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF CASH FLOWS (Dobarninilione) rue a NIKE, INC. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY