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Based on Nike, Adidas and Under Armour's most recent form 10-K data in attached table, what implications would you suggest to Nike in terms of

Based on Nike, Adidas and Under Armour's most recent form 10-K data in attached table, what implications would you suggest to Nike in terms of marketing or advertising expenditures going forward?

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NIKE, INC. ADIDAS UNDER ARMOUR FORM 10-KDATA 2021 2020 CHANGE 2021 2020 CHANGE 2021 2020 CHANGE Total Revenue $44.54 Billion $37.40 Billion 13% $25.12 Billion $22.67 Billion 11% $5.68 Billion $4.47 Billion 27% Demand Creation Expense $3.11 Billion $3.59 Billion -13% $2.55 Billion $2.37 Billion 8% $649.2 Million $550.4 Million 18% Operating Overhead Expense $9.91 Billion $9.53 Billion 4% $8.89 Billion $8.58 Billion 4% $1.68 Billion $1.62 Billion 4% Total Selling & Admin Expense $13.02 Billion $13.13 Billion -1% $11.44 Billion $10.95 Billion 4% $2.33 Billion $2.17 Billion 8% % of Revenues 29.20% 35.10% -17% 41.90% 46.50% -10% 41.02% 48.54% -15%

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