How the retained earnings account has changed over past year

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Question

You are having a difficult time locating the needed information on the Nike 2018 SEC 10K report in order to do the following calculations. Can someone assist?

Use the following equation and show how the Retained Earnings account has changed over the past two years.

Retained earnings, beginning balance

+ Prior period adjustments

= Retained earnings, adjusted balance

+ Net Income

- Retirement of Treasury stock

- Dividends

= Retained earnings, ending balance

Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.

Reference no: EM132379112

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