Question
Compare the gross margins of Nike, Inc. and Adidas AG for the fiscal year 2023: Company Nike, Inc. Adidas AG Net Sales Revenue $25 billion
Compare the gross margins of Nike, Inc. and Adidas AG for the fiscal year 2023:
Company | Nike, Inc. | Adidas AG |
Net Sales Revenue | $25 billion | $20 billion |
Cost of Goods Sold | $12 billion | $10 billion |
Gross Margin |
Question:
Calculate the gross margin for both Nike, Inc. and Adidas AG. Which company has a higher gross margin?
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
