This the direct link to the 2021 SEC 10K report for Nike, Inc. https://www.sec.gov/ix?doc=/Archives/edgar/data/320187/ XXXXXXXXXX/nke-531202010k.htm#sBF407E113EE052AFBEC34A171DE7F8F4 SEC 10K...

Intermediate Accounting ISee attached. Each does have instruction. Please follow the instructions.Report- please use sources that I can open and use APA/text citation.Project- please answer each question in this document.



This the direct link to the 2021 SEC 10K report for Nike, Inc. https://www.sec.gov/ix?doc=/Archives/edgar/data/320187/000032018720000047/nke-531202010k.htm#sBF407E113EE052AFBEC34A171DE7F8F4 SEC 10K Project: Income Statement Respond to one or more question(s) from each of the three categories below except for the Category: Analysis section as noted below.  Category: Revenue and Net Income 1. What were the company's revenues for the most recent fiscal year?  Comment on the trend in total revenue.  Is it increasing or decreasing during the past two years? 2. Compare net income over the past two years.  How much and by what percentage did Net Income change?  3. Comment on individual revenue or expense items that had significant percentage changes (changes as a percentage of total revenue or total expenses) over the most current three years. Category:  Irregular Items 1.  Identify and describe any irregular items reported on the Income Statement, such as discontinued operation or extraordinary items,?  2.  Did your company change any accounting principles that would have required a retrospective adjustment to the financial statements? 3.  Were there any prior-period adjustments (PPA)?  If so, what caused the PPA's?  Category:  Analysis: You can either complete the horizontal analysis and the four ratios or only the four ratios.   Be Sure To Include Your Calculations For Your Final Answers For the Four Ratios! 1.  Prepare a horizontal analysis of your company's Income Statement over the past two years.  2.  Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.  How do the results for your company compare to industry averages?      a. Accounts receivable turnover: Note: Since credit sales information will not be available in the 10-K reports for the accounts receivable turnover, we will be using sales/net sales or similar account instead of credit sales. Also, be sure to use the average accounts receivable.        b. Profit margin      c. Return on assets: Be sure to use the average total assets.       d. Times interest earned = (income before taxes + interest expense)/interest expense.  SEC 10K Project: Balance Sheet Respond to one or more question(s) from categories below except for Analysis: Section as noted below.  Category: Stock Market 1.  Describe three facts about the stock exchange on which your corporation's stock is traded.  2.  Compare the closing price of your corporation's stock on the first day of the semester to the day before you post a response to this question.  3.  Explain how investors use these indices to make more informed investing decisions:       a. Dow Jones Industrial Average (DOW)       b. NASDAQ Composite Index (NASDAQ)       c. Standard & Poor's (S&P) 500 Category: Assets and LIabilities 1.  Briefly describe your company's investments and intangible assets. 2.  Does your company list "Other Assets?" If so, what items are classified in this category? 3.  Comment on any significant changes in individual assets or liabilities. 4.  Does your company have any long-term liabilities?  If so, state  the largest long-term liability and when it is due? Category: Analysis: You can either complete the horizontal analysis and the four ratios or only the four ratios.  Be Sure To Include Your Calculations For Your Final Answers For the Four Ratios! 1. Prepare a vertical analysis of your company's Balance Sheet for the current year. 2.  Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.  How do the results for your company compare to industry averages?      a.  Current ratio      b.  Inventory turnover: Be sure to use cost of goods sold or similar account, not net sales or revenues, and also the average inventory.      c.  Asset turnover: Be sure to use the average total assets. Note that asset turnover is sometimes referred to "sales to total asset ratio."       d.  Debt to assets SEC 10K Project: Statement of Stockholders' Equity Respond to one or more question(s) from each of the three categories below.  SEC 10K Project: Statement of Stockholder's Equity Respond to one or more question(s) from each of the three categories below.  Category: Capital stock 1.  Describe the following details about your corporation's common stock:      a. Authorized number of shares      b. Par or stated value per share      c. Issued number of shares      d. Outstanding number of shares      e. Treasury stock  2.  Describe the following details about your corporation's preferred stock:      a. Authorized number of shares      b. Par or stated value per share      c. Issued number of shares      d. Outstanding number of shares      e. Cumulative or non-cumulative      f.  Participating or non-participating    3.  Discuss Treasury Stock transactions over the past three years and explain its affect on total stockholder's equity and retained earnings. Category: Retained Earnings 1. Use the following equation and show how the Retained Earnings account has changed over the past two years.   Retained earnings, beginning balance   + Prior period adjustments   = Retained earnings, adjusted balance      + Net Income   - Retirement of Treasury stock   - Dividends   = Retained earnings, ending balance Category:  Analysis 1.  Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.  How do the results for your company compare to industry averages? Be Sure To Include Your Calculations For Your Final Answers For the Four Ratios!      a. Return on stockholder's equity: = (net income - preferred dividends)/average stockholder's equity      b. Earnings per share (EPS)      c. Price-earnings (PE) ratio      d. Payout ratio: Cash dividends paid is in the statement of cash flows SEC 10K Project: Statement of Cash Flows Respond to one or more question(s) from each of the three categories below.  SEC 10K Project: Statement of Cash Flows Respond to one or more question(s) from each of the three categories below.  Category: Operating Activities 1.  State whether your corporation uses the direct or indirect method of preparing the Statement of Cash Flows and describe how the Statement would be different under these two methods. 2.  What are the largest increases and decreases in the operating activities section of your corporation's Statement of Cash Flows? 3.  Given the industry your corporation operates in and the current economic environment, explain any unexpected operating activities that caused cash flow to decrease.    Category: Investing and Financing Activities 1. Explain similarities and or differences in preparing the Statement of Cash Flows using International Financial Reporting Standards (IFRS). 2.  Describe investments reported on your corporation's Statement of Cash Flows in the current and most recent past year. 3.  Review your corporation's Statement of Cash Flows over the past 3 years and explain any financing trends. Category:  Analysis Be Sure To Include Your Calculations For Your Final Answer For the Free Cash Flow! 1.  Calculate the following ratio for the most recent two years and comment on the results of your ratio analysis.   How does the result for your corporation compare to the industry average?      a. Free cash flow Free cash flow = Net cash provided by operating activities - capital expenditures - dividends SEC 10-K Report Detailed Requirements This the direct link to the 2021 SEC 10K report for Nike, Inc. https://www.sec.gov/ix?doc=/Archives/edgar/data/320187/000032018720000047/nke-531202010k.htm#sBF407E113EE052AFBEC34A171DE7F8F4 Nike, Inc. (NKE) Company Profile, News, Rankings | Fortune | Fortune Remember – USE YOUR OWN WORDS. NOTE: The purpose of the report is to express the accounting principles, rules, concepts and procedures you’ve learned in an advance intermediate accounting class beyond what you’ve learned in the introduction to accounting class. Company Selection. Since you are required to select a company that has an accounts receive and inventory accounts, be sure to select either a resale or manufacturing company, not a service oriented company. Also, since you will be required to complete an inventory turnover, be sure to select a company that has "cost of goods sold" or a similar account. Since this is an accounting class we will be using the cost of goods sold, not sales that is used in a finance class for the inventory turnover. Also, since credit sales information will not be available in the 10-K reports, you can use sales, revenues, net sales or similar account for accounts receivable turnover. The following information should be included in your final SEC 10K Project report: · The first page (cover page) includes the name of your company, class name, your name and the professor’s name. · The final report shall consist of three major sections, (1) the introduction section, (2) the body of the report and (3) the final conclusion section of the report. These three main sections must be numbered with an underlined section title (i.e., 1. Introduction) and centered. · The introduction paragraph describes which Fortune 500 company you selected. This section should also include a brief summary of what will be discussed in the body of your report. · The introduction paragraph should also include a basic summarized description of your company's business along with some or all of their product lines and activities, segments or divisions. This introduction section should be no more than two pages. · The body of the report should discuss the “relevant” information that supports your conclusion in the final “conclusion” section of your final report. This information not only includes the number crunching of the required ratios, provided later in this document, but more importantly, what do these ratios mean in regards to your company’s financial position and results of operations. How do the ratios compared to the industrial standards for similar companies. This report should be earmarked towards the advanced accounting principles, rules, concepts and methods learned in this Intermediate Accounting I class, not geared towards a financial investment analysis and conclusion (i.e. stock investments). To help in completing the body, you should use information from your weekly 10-K discussion posts (not all conclusive; only the relevant information referred to here. · The four required financial statements: Income Statement, Balance Sheet, Statement of Stockholders' Equity and Statement of Cash Flows must be submitted as a separate file. · The final section of the final report is the conclusion (summary) section. The conclusion section should provide your conclusion as to the overall operation of the company in the past and also your projection of the company’s future. This section is where you go beyond the number crunching of the weekly financial statement ratios and analyze the results of the ratios and express a conclusion as to what they mean in form of potential problem areas, areas that could be improved and strengths of company (Strengths, Weakness, Opportunities & Threat (SWOT) analysis. For example, liquidity, results of operations, cash flow and market share. You conclusion should concentrate on using accounting terms and concepts that you learned in our Intermediate Accounting class not as a financial advisor for potential investors. · The length of the final report is to be based on the required information listed in this document. Prior final reports have ranged from 7 to 17 pages. · You need to submit your company’s financial statements as a