Management Accounting

NAME COURSE

STUDENT NO . DATE

Financial Management of Nike , Inc . and Adidas Group : A Comparison

To make a profit is the main objective of any organization established as such . It is the driving force that makes company management do what they must , preferably at the very least cost to the organization . The official reports that show whether management has been successful in achieving its goals are a company 's Financial Statements

This shall compare the Financial Statements of two mega-brands Nike , Inc . and Adidas AG by comparing side by side both

companies operations through some performance metrics : financial ratios

Company Overview : Nike , Inc

Nike , Inc (hereinafter referred to as Nike ' for brevity ) was started in 1972 by Bill Bowerman (Nikebiz . The company 's headquarters are in Beaverton , Oregon . Nike 's mission is to bring inspiration and innovation to every athlete in the world (Nikebiz ' The company employs more than 33 ,000 people across six continents all over the world 7 ,000 of which are stationed in the headquarters (Nikebiz

Hoovers .com says that Nike is the world 's 1 shoemaker , showing dominance rather than assistance in capturing its share in the US shoe retail market ( NIKE , Inc . In the fiscal year ended May 31 , 2009 Nike has 19 .2B reported revenues (Nikebiz

Company Overview : Adidas AG

Adidas AG (hereinafter called Adidas ) has a long and colorful history starting in Herzogenaurach , Germany in the 1920 's as a family business (Innovation Leaders . The company was then called Gebr 'der Dassler...