Answer:
NIKE, INC.
Partial Balance Sheet as of May 31, 2022
(in millions)
<u>Property, Plant and Equipment</u>
Land $220.0
Buildings $980.0
Machinery and Equipment $2160.0
Other Plant Assets $935.0
Less: Accumulated Depreciation $2200.0 <u>$1875.0</u>
Total Property, Plant and Equipment <u>$2095.0</u>
<u>Intangible Assets</u>:
Goodwill $210.0
Patents and Trademarks $510.0
Less: Accumulated Amortization $50.0 <u>$460.0</u>
Total Intangible Assets <u>$670.0</u>
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Answer:
a. Relevant
Explanation:
The documentary on prime time television that brought awareness to Cook Inc... being defendant in several lawsuits relating to it's defective tyres that has caused vehicles to overturn is a financial information that is relevant.
As a financial analyst, being presented with such information is very relevant and it makes me to consider it as a factor before issuing loan to the organization and also help to garner what the public'e perception of the company stock will be. In addition, the information will help to make predictions about future directions of the company's stock price and, evaluate the company's financial health and earnings potential to be able to pay back the loan if given the loan.
Answer:
the operating margin is 5.4%
Explanation:
The computation of the operating margin is shown below:
As we know that
Operating Margin = Operating Income ÷ Sales
= $31.3 ÷ $578.3
= 5.4%
Hence, the operating margin is 5.4%
It could be determined by dividing the operating income from the sales
Answer:
The answer is Accumulated other comprehensive income
Explanation:
The statement of accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.
The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.
The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.