3. Review the income statement. Would you classify NIKE as a growing, diminishing or stable company, why? Is there anything reported in the income statement that appears to be out of proportion or inconsistent with previous years ? How do you users use the Earnings Per Share numbers ? NIKE, Inc. Consolidated Statements of Income An millions, except pusher data Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other expense income), not Income before income taxes Income tax expense NET INCOME Year Ended May 31, 2018 2017 36,397 $ 34,350 $ 20.441 19.038 15,956 15.312 3,577 3,341 7,934 7.222 11.511 10.563 54 59 (196) 4,325 4.886 2,392 646 1,933 $ 4240 $ 2016 32,376 17.405 14,971 3.278 7.191 10.469 66 (140 4,623 3760 Earnings per common share: Basic Diluted 1.19 2.21 $ $ 2.56 2.51 $ $ DMdards declared pw convon share 0.78 $ 0.70 $ 0.62 The accompanying Notes to the Cook todoc Statements are n ow pot of tia stato