Selected income statement information for Nike, Inc., a manufacturer of athletic footwear, for four recent fiscal years

Question:

Selected income statement information for Nike, Inc., a manufacturer of athletic footwear, for four recent fiscal years ending May 31 follows.

REQUIRED

a. Compute the: missing amounts for each of the four years shown.

b. Compute the gross profit margin (gross profit/sales) for each of the four years and comment on its level and any trends that are evident.

c. What would you expect to be the major cost categories constituting its operating expenses?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 02:11 AM

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Selected income statement information for Nike, Inc., a manufacturer of athletic footwear, for four recent fiscal years

Question:

Cost of Goods Gross Operating Operating Expenses Other Net ($ millions) Revenues Sold Profit Income Expenses Income 2014.. $27,799 $15,353 2$ ? $ 8,766 $3,680 $987 2$ ? 2015. 30.601 ? 14,067 9,892 10,469 4,175 3,273 2016 ? 17,405 14,971 4,502 4,749 742 ? 2017 34,350 19,038 15,312 ? 4,240

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a b The gross profit percentage also called gross profit margin for ...View the full answer

Financial Accounting

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