• 4 methods of determining loss: straight line ( subtract the item estimated salvage value from the total costs and divide the figure by its useful life to determine the yearly depreciation allowance 
• sum of years- digits: add up the number of years for the item - this is the denominator the year number 
• counted in reverse is the numerator 
• Nike/ Under Armour: started in 1996 founder and CEO Kevin plank ( former college player)  First year sales 500 shirts 
• $17,000 $25 mil revenue 2001 $430 mil 2006, 1.835 bil 2012, 3.84 bil 2014 2015 est. world largest digital health and fitness community ( under armour) connected fitness 
• nike revenue is increasing by 2 bil/yr
• net income increase from 2.4 bil- 2.6 bil ( 200 mil) 
• under armour net income increase  162 mil-208 mil ( 46 mil)
• current ratio current assets/ currnt liabilities 
• quick ratio current assets-inventory/ current liabilities 
• total asset turnover: net sales/ average total assets 
• inventory turnover ratio: cost of goods sold/ average inventory
• net profit margin: net income/ sales of revenues 
• price to earnings ratio price per share of common stock/ earnings per share 
• return on equity: net income/ shareholder equity 
• earnings per share: net income/ number of outstanding shares of common stock