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

Item	Amount
Total Assets	$600,000,000
Total Liabilities	$300,000,000
Shareholders' Equity	$300,000,000
Revenue	$400,000,000
Operating Expenses	$220,000,000

Requirements:

1. Calculate Nike's debt-to-equity ratio.
2. Determine Nike's net profit margin.
3. Analyze the impact of total assets on Nike's financial leverage.
4. Discuss how Nike recognizes revenue from apparel sales.
5. Evaluate Nike's financial health using the interest coverage ratio.
6. Explain the importance of the Income Measurement Objective in Nike’s financial reporting and strategic decisions.