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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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