Portions of NIKE's SEC form 10-K are reproduced in Appendix C.
REQUIRED:
Review the NIKE SEC Form 10-K, and answer the following questions.
a. Describe how nonoperating items affected NIKE's reported net income over the last three years. Did they increase or decrease net income, and by how much?
b. What was NIKE's net income per share of common stock? Has it been increasing or decreasing over the last three years? How much potential dilution do existing shareholders face?
c. How does NIKE disclose other comprehensive income items, and what was the comprehensive income amount for 2009? Was it above or below net income, and why?