Use the Nike 10-K report Appendix: Excerpts from Form 10-k of Nike to answer the following questions.

a. What is Nike principal business activity? What percentage of its sales are in the U.S?

b. How much did Nike’s net income increase (decrease) in fiscal 2008 compared with fiscal 2007?

c. Compare Nike’s growth in total assets to that of revenues and net income in fiscal 2008?

d. Nike had an increase in cash of $277.2 million in fiscal 2008. What three major components comprise this change in cash?

e. Did Nike board declare any cash dividends in fiscal 2008? If so, how much? On What financial statement did you find this?