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Nike, Inc. is a multinational corporation engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. For
Nike, Inc. is a multinational corporation engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. For the year ended December 31, 20X1, the company provided the following financial data:
- Total revenue: $40,000,000
- Cost of goods sold: $18,000,000
- Selling and administrative expenses: $10,000,000
- Other operating expenses: $6,000,000
- Income tax expense: $8,000,000 Determine the company's net income, gross profit margin, operating income, and net profit margin.
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