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Calculate the profit Margin for ROA, Assets turnover, Return on assets, and Profit Margin for ROCE for each year NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY

image text in transcribedCalculate the profit Margin for ROA, Assets turnover, Return on assets, and Profit Margin for ROCE for each yearimage text in transcribed

NIKE, INC. CONSOLIDATED BALANCE SHEETS MAY 31, 2021 2020 $ 9,889 $ 3,587 4,463 6,854 1,498 26,291 4,904 3,113 269 242 2,921 37,740 $ 8,348 439 2,749 7,367 1,653 20,556 4,866 3,097 274 223 2,326 31,342 $ $ (In millions) ASSETS Current assets: Cash and equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Operating lease right-of-use assets, net Identifiable intangible assets, net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt Notes payable Accounts payable Current portion of operating lease liabilities Accrued liabilities Income taxes payable Total current liabilities Long-term debt Operating lease liabilities Deferred income taxes and other liabilities Commitments and contingencies (Note 18) Redeemable preferred stock Shareholders' equity: Common stock at stated value: Class A convertible - 305 and 315 shares outstanding Class B - 1,273 and 1,243 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (loss) Retained earnings (deficit) Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY - $ 2 2,836 467 6,063 306 9,674 9,413 2,931 2,955 3 248 2,248 445 5,184 156 8,284 9,406 2.913 2,684 3 9,965 (380) 3,179 12,767 37,740 $ 3 8,299 (56) (191) ( 8,055 31,342 $ The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. Table of Contents NIKE, INC. CONSOLIDATED STATEMENTS OF INCOME $ (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Weighted average common shares outstanding: Basic Diluted YEAR ENDED MAY 31, 2021 2020 44,538 $ 37,403 $ 24,576 21,162 19,962 16,241 3,114 3,592 9,911 9,534 13,025 13,126 262 89 14 139 6,661 2,887 934 348 5,727 $ 2,539 $ 2019 39,117 21,643 17,474 3,753 8,949 12,702 49 (78) 4,801 772 4,029 $ $ $ 3.64 $ 3.56 $ 1.63 $ 1.60 $ 2.55 2.49 1,573.0 1,609.4 1,558.8 1,591.6 1,579.7 1,618.4 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement

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