Suppose the comparative balance sheets of nike, inc. are presented here. nike, inc. condensed balance sheet may 31 ($ in millions) 2017 2016 assets current assets $9,600 $8,790 property, plant, and equipment (net) 1,810 1,800 other assets 1,580 1,710 total assets $12,990 $12,300 liabilities and stockholders' equity current liabilities $3,170 $3,300 long-term liabilities 1,230 1,390 stockholders’ equity 8,590 7,610 total liabilities and stockholders' equity $12,990 $12,300 (a) prepare a horizontal analysis of the balance sheet data for nike, using 2016 as a base. (if amount and percentage are a decrease show the numbers as negative, e. g. -55,000, -20% or (55,000), (20%). round percentages to 1 decimal place, e. g. 12.5%.)

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firm’s labor demand function? b. if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.