Nike began as Blue Ribbon Sports in 1967 and is now the largest seller of athletic footwear and apparel in the world. In 2015, Nike generated $33 billion in revenue with a net income of $3.5 billion. Nike has strong financial performance with a return on invested capital of 21.3% in 2015. The document analyzes Nike's financial ratios, projections, capital structure, and weighted average cost of capital.