Review the most recent Nike Annual Report, including its Consolidated Statements of Income, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows, as well as any accompanying notes, for the most recent 2-3 years provided.  Identify at least one significant change (increase or decrease) from one year to the next in an income statement line item, balance sheet line item, and statement of cash flows line item.  Then identify the causes of the change in each of these line items.  Discuss the implications of each of these line item changes, and your assessment of the company based on these changes.  Do these changes reflect positively or negatively on the company?  What is your overall assessment of the outlook for the company?

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash And Marketable Securities
Section: Chapter Questions
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Review the most recent Nike Annual Report, including its Consolidated Statements of Income, Consolidated Balance Sheets, and Consolidated Statements of Cash Flows, as well as any accompanying notes, for the most recent 2-3 years provided.  Identify at least one significant change (increase or decrease) from one year to the next in an income statement line item, balance sheet line item, and statement of cash flows line item.  Then identify the causes of the change in each of these line items.  Discuss the implications of each of these line item changes, and your assessment of the company based on these changes.  Do these changes reflect positively or negatively on the company?  What is your overall assessment of the outlook for the company?

 

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