Access the 2010 annual report for Nike Inc by #724

Access the 2010 annual report for Nike, Inc. , by clicking on the Investors and Annual Reports
links at www.nikebiz.com.Requireda. Examine the balance sheet and identify the name Nike
uses for fixed assets. Are fixed assets reported at net book value?b. Examine Note 3 and
identify the original cost of Nike's fixed assets and the current balance in accumulated
depreciation.c. According to Note 1, what method of depreciation does Nike use?d. According
to the statement of cash flows, how much has Nike spent on fixed assets over the past three
years? Does the company generate enough cash from operations to sustain that level of
investment?e. Calculate the average age and useful life of Nike's fixed assets. Use
"Depreciation" on the statement of cash flows as depreciation expense for the year. What can
you conclude from these calculations?View Solution:
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