Company: Nike, Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$40,000,000,000
Cost of Goods Sold	$20,000,000,000
Operating Expenses	$15,000,000,000
Income Tax Expense	$5,000,000,000
Net Income	$10,000,000,000
Total Assets	$80,000,000,000
Total Liabilities	$40,000,000,000
Shareholders' Equity	$40,000,000,000

Requirements:

1. Calculate Nike's gross profit margin.
2. Determine Nike's operating profit margin.
3. Analyze the impact of income tax expense on Nike's net income.
4. Evaluate how Nike recognizes revenue from footwear and apparel sales.
5. Explain the significance of the Income Measurement Objective in Nike's financial strategy.
6. Discuss Nike's debt-to-equity ratio and liquidity position.
7. Analyze the impact of Nike's financial performance on its marketing campaigns and brand endorsements.