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Nike, Inc. provided the following financial information for the fiscal year ending May 31, 2024: Account Amount Sales Revenue $12,000,000 Sales Returns and Allowances $600,000

Nike, Inc. provided the following financial information for the fiscal year ending May 31, 2024:

Account

Amount

Sales Revenue

$12,000,000

Sales Returns and Allowances

$600,000

Sales Discounts

$200,000

Cost of Goods Sold

$7,200,000

Operating Expenses

$2,500,000

Interest Expense

$300,000

Income Tax Expense

$800,000

Calculate the net sales, gross margin, operating income, and net income for Nike, Inc. for the fiscal year ending May 31, 2024.

 

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