Compute and Interpret the Z-score Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial
Compute and Interpret the Z-score Information from the balance sheet, income statement, and statement of cash flows for Nike follows. Refer to these financial statements to answer the requirements. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. NIKE INC. Consolidated Income Statements For Year Ended ($ millions) May 31, May 31, 2019 2018 Revenues Cost of sales Gross profit $40,717 $37,997 21,643 20,441 19,074 17,556 Demand creation expense 5,353 5,177 Operating overhead expense 10,549 9,534 Total selling and administrative expense 15,902 11,511 Interest expense (income), net 49 54 Other (income) expense, net (78) 66 Income before income taxes Income tax expense Net income 3,201 5,925 772 2,392 $2,429 $3,533
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The Altman Zscore is a formula that combines five different financial ratios to measure the likelihood of a company going bankrupt The formula for the ...See step-by-step solutions with expert insights and AI powered tools for academic success
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