Need answers to the case questions 1, 2, 3, and 4.
1. T-ACCOUNT
2. Components of Balance Sheet
3.Difference between income statement and statement of cash flows
4. Purpose of calculating financial ratios
Need answers to the case questions 1, 2, 3, and 4. 40 PARTI Pinance Basics are...
Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 $ 3,117 Inventories at May 31, 2013 3,484 Total assets at May 31, 2013 17,545 Stockholders' equity at May 31, 2013 11,081 Instructions Determine the following measures for the fiscal years ended May 31, 2015, and May 31. (Round ratios and percentages to one decimal...
For 2015 and 2014 calculate: Working Capital Current Ratio Quick ratio Do I need to subtract the "Deferred income Taxes" to calculate these ratios? Please explain the procedure, thank you! NIKE, INC. Consolidated Balance Sheets May 31, 2015 2014 $ 3,852 $ 2,072 3,358 4,337 389 1,968 15,976 3,011 281 131 2,201 21,600 $ 2,220 2,922 3,434 3,947 355 818 13,696 2,834 282 131 1,651 18,594 $ $ in millions) ASSETS Current assets: Cash and equivalents (Note 6) Short-term investment...
AN CT4-2 The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions (a) Identify two accounts on Columbia's balance sheet that provide evidence that Colum- bia uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process. (b) Identify two accounts on VF's balance sheet that provide evidence that VF uses accrual accounting (different from the two you listed...
AN CT4-2 The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions (a) Identify two accounts on Columbia's balance sheet that provide evidence that Colum- bia uses accrual accounting. In each case, identify the income statement account that would be affected by the adjustment process. (b) Identify two accounts on VF's balance sheet that provide evidence that VF uses accrual accounting (different from the two you listed...
What financial statementents are needed? 14-10i Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 Inventories at May 31, 2013 Total assets at May 31, 2013 Stockholders' equity at May 31, 2013 $ 3,117 3,484 17,545 11,081 17,545 Total assets at May 31, 2013 11,081 Stockholders' equity at May 31, 2013 Instructions...
Do a horizontal analysis for Nike’s Income Statement for 2013 B-4 Appendix B Nike Inc., Form 10-K For the Fiscal Year Ended May 31, 2013 NIKE, Inc. Consolidated Statements of Income Year Ended May 31, 2012 2013 2011 $ (In millions except per share data) Income from continuing operations: Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest (income) expense, net (Notes 6, 7 and 8) Other (income) expense, net (Note...
Do a vertical analysis for Nike’s Income Statement for 2013 B-4 Appendix B Nike Inc., Form 10-K For the Fiscal Year Ended May 31, 2013 NIKE, Inc. Consolidated Statements of Income Year Ended May 31, 2012 2013 2011 $ (In millions except per share data) Income from continuing operations: Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest (income) expense, net (Notes 6, 7 and 8) Other (income) expense, net (Note...
Part 1: Ratio Analysis calculate the following ratios Part 2: Perform a vertical analysis of statement of financial position & Income statement Part 3: Perform a Horizontal Analysis of statement of Financial Position for 2015 and 2014 & Income statement for 2015 Instructions: 1. On pages three and four, you will find condensed statement of financial position and income statement data for Waterloo Corporation. 2. Use the same information to answer all the three parts. 3. Part 1: a. In...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts receivable at May 31, 2010 $ 3,138 Inventories at May 31, 2010 2,715 Total assets at May 31, 2010 14,998 Stockholders'equity at May 31, 2010 9,843 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011), rounding to one decimal...
use the income and balance sheet above to answer the questions below. (please show work, id appreciate it) Done Coco Cola Income and Balance Sheet (4 of 11) 12 Months Ended CONSOLIDATED STATEMENTS OF INCOME-USD (S)shares in Millioas, S in Millions Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016Dee.3,2015 Dec. 31, 2014 Dec. 31, 2013 31856 35410 3255 41863 16465 Cost of Goods and Services Sold GROSS PROFIT Selling, General and Administrative Expense Other Cost and Expense, Operating OPERATING...