Why does nike list redeemable preferred stock as a liability

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Reference no: EM131427237

The SEC Form 10K of NIKE is reproduced in Appendix C.

REQUIRED:

Review the NIKE 10K, and answer the following questions.

a. What percentage of NIKE's total assets were provided by liabilities, contributed capital, and retained earnings?

b. How many shares of common stock had been authorized, issued, and outstanding as of May 31, 2009?

c. How much cash did the company use to purchase its outstanding common stock and pay dividends over the past three years? Are those amounts growing or decreasing? Discuss.

d. Why does NIKE list redeemable preferred stock as a liability?

e. Explain why stock-based compensation appears on the statement of cash flows.

f. Within what ranges did NIKE's market price fall over the last two years, and what amount of dividends per share were paid during that period?

g. At what average prices did the company issue stock in support of exercised stock options over the past three years?

h. What is NIKE's accumulated balance of comprehensive income as of May 31, 2009? What does the balance primarily consist of, and what was the comprehensive income amount for the year? Was it greater than or less than net income?

Reference no: EM131427237

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