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Nike, Inc. reported the following figures for the year ending May 31, 2023: Net Sales: $45.6 billion Cost of Goods Sold (COGS): $21.8 billion Operating

Nike, Inc. reported the following figures for the year ending May 31, 2023:

  • Net Sales: $45.6 billion
  • Cost of Goods Sold (COGS): $21.8 billion
  • Operating Expenses: $12.4 billion Calculate: a) Gross profit margin. b) Operating profit margin. c) Net profit margin if the net income for the year is $9.5 billion.

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