Nike Operating Budget

Prior to beginning this Interactive Assignment, review the sections of Chapters 5, 8, and 9 (attached documents) in the Abraham’s textbook on Assessing the Company and Operational and Budget Planning. Also read the online articles Analyze Investments Quickly With Ratios (Links to an external site.) (Elmerraji, 2017) and What Is an Annualized Budget? (Links to an external site.) (Ashe-Edmunds, n.d.).
The reference to our textbook for chapters 5, 8 and 9 if used is as follows:
Abraham, S. (2012). Strategic management for organizations. Retrieved from https://content.uagc.edu/
NIKE is the company we are continuing to research:
Research publicly traded company Nike by accessing Mergent (same publicy traded company we enviornmentally scanned a week ago): Website to Mergent is as follows:
https://www.mergentonline.com/companydetail.php?compnumber=16861&pagetype=synopsis
Mergent database offers company financials, descriptions, history, property, subsidiaries, officers and directors.
Also, access the Business Insights: It includes SWOT reports, market share data, financial reports, case studies, business news, and company comparison charts: Website for Business insights Global: https://bi.gale.com/global/company/306325?u=ashford
For this Interactive Assignment, you are going to look at the financial statements for NIKE, using the previous quarter’s financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template (THE BUDGET TEMPLATE IS AN ATTACHED DOCUMENT, Please use that one)

List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
• Choose a minimum of two financial ratios (below) and include in your analysis.
• Prepare the next quarter’s budget based on your interpretation of past data.
Include at least two of the following types of relevant financial ratios in your analysis. Review the online article Analyze Investments Quickly With Ratios (Links to an external site.) (Elmerraji, 2017) and Chapter 5 in the Abraham’s textbook to help with this portion of the budget:
• Profitability Ratio
• Liquidity Ratio
• Solvency Ratio
• Valuation Ratio
• Leverage Ratio

Initial Post: (At least 500 to approx. 800words and attach the completed operating budget template) In your initial post, provide a brief description of your company and provide a summary of your Operating Budget along with a rationale that supports suggested budgetary changes. Attach your Operating Budget Template to your initial post for review by your instructor and your peers