ACC 345 Module Two Summary Template
1. Define the measurement of each type of ratio and the accounts included in the
calculation. Refer to the Ratios tab.
[Insert text.]
2. Explain the significance of each ratio to the company.
[Insert text.]
3. Identify an asset or liability being measured at fair value. Provide the specific disclosure
note(s). Include the citation(s).
[Insert text.]
4. Provide the classification for the GAAP rule that allows the fair value measurement.
[Insert text.]
References
Include any references used to complete this assignment. This section is for the full citation.
Sources should be cited using APA style.
[Insert text.]
Nike, Inc.
Balance Sheet
For Period May 31, 2020 through M
(in millions)
Financial Statements
2020
2021
[insert value]
[insert value]
[insert value]
[insert value]
$
–
[insert value]
[insert value]
[insert value]
[insert value]
$
–
–
Assets
Current Assets
Cash and Cash Equivalents
Accounts Receivable Net
Inventory
Other Current Assets
Total Current Assets
Non-Current Assets
Property, Plant and Equipment Net
Intangibles
Other Assets
Total Non-Current/Fixed Assets
[insert value]
[insert value]
[insert value]
$
–
[insert value]
[insert value]
[insert value]
$
Total Assets
$
–
$
–
–
[insert value]
[insert value]
[insert value]
$
–
–
Liabilities and Owners’ Equity
Current Liabilities
Accounts Payable
Accrued Expenses and Other Current Liabilities
Current Portion of Debt and Leases
Total Current Liabilities
[insert value]
[insert value]
[insert value]
$
Long-Term Liabilities
Long-Term Debt and Lease Obligations
Other Long-Term Liabilities
Total Long-Term Liabilities
[insert value]
[insert value]
$
–
[insert value]
[insert value]
$
Total Liabilities
$
–
$
–
–
–
Owners’ Equity
Common Stock, Less Treasury
Additional Paid in Capital
Retained Earnings
Other Equity
Total Equity
[insert value]
[insert value]
[insert value]
[insert value]
$
–
[insert value]
[insert value]
[insert value]
[insert value]
$
Total Liabilities & Equity
$
–
$
Check Digit: This should be 0 or your balance sheet is out
of balance. Check your work.
$
Check Digits
Total Current Assets
Total Assets
Total Current Liabilties
Total Liabilities
Total Equity
$
$
$
$
$
–
20,556.00
31,342.00
8,284.00
23,287.00
8,055.00
$
$
$
$
$
$
–
26,291.00
37,740.00
9,674.00
24,973.00
12,767.00
Nike, Inc.
Balance Sheet
ay 31, 2020 through May 31, 2022
(in millions)
atements
2022
Vertical Analysis, Common Size Statements
2020
2021
2022
–
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#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
[insert value]
[insert value]
[insert value]
$
–
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$
–
#VALUE!
#VALUE!
#VALUE!
–
#VALUE!
#VALUE!
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#VALUE!
#VALUE!
#VALUE!
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#VALUE!
#VALUE!
#VALUE!
[insert value]
[insert value]
$
–
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$
–
#VALUE!
#VALUE!
#VALUE!
[insert value]
[insert value]
[insert value]
[insert value]
$
–
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
$
–
#VALUE!
#VALUE!
#VALUE!
[insert value]
[insert value]
[insert value]
[insert value]
$
[insert value]
[insert value]
[insert value]
$
$
$
$
$
$
$
–
28,213.00
40,321.00
10,730.00
25,040.00
15,281.00
Nike, Inc
Income Statement
For May 31, 2020 through May
(in millions)
Financial Statements
Total Revenue (or Sales)
Cost of Sales
2020
[insert value]
[insert value]
Gross Profit
Sales, General and Administrative Expenses
#VALUE!
[insert value]
Operating Income
#VALUE!
[insert value]
#VALUE!
Other Income (Expense) *If income is reported, enter as a negative number.
Interest Income / (Expense)
[insert value]
Other Income (Expense)
[insert value]
Net Income (Loss), Before Tax
Check Digit for Net Income (Loss) , Before Tax
2021
[insert value]
[insert value]
#VALUE!
[insert value]
[insert value]
#VALUE!
$
2,887.00 $
#VALUE!
6,661.00
Nike, Inc
Income Statement
r May 31, 2020 through May 31, 2022
(in millions)
tatements
2022
[insert value]
[insert value]
#VALUE!
[insert value]
#VALUE!
[insert value]
[insert value]
#VALUE!
$
6,651.00
Vertical Analysis, Common Size Statements
2020
#VALUE!
#VALUE!
2021
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
mon Size Statements
2022
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Nike, Inc.
Ratio Analysis
For Period May 31, 2020 through May 31, 2022
2020
2021
2022
#DIV/0!
#VALUE!
$
–
#DIV/0!
#VALUE!
$
–
#DIV/0!
#VALUE!
$
–
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Liquidity Ratios
Current Ratio
Quick Ratio
Working Capital
Activity Ratios
Receivable Turns
Days in Receivables
Revenues/Working Capital
Revenues/Fixed Assets
Revenues/Total Assets
Inventory Turns
Days in Inventory
Payables Turns
Days in Payables
Coverage/Leverage Ratios
Fixed Assets/Equity
Profitability Ratios
Return on Equity
Return on Total Assets
Net Profit on Revenues
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