Nike's financial data for the year 2023 are as follows:

• Net Sales: $100,000,000
• Cost of Goods Sold: $55,000,000
• Operating Expenses: $25,000,000
• Interest Expense: $2,500,000
• Tax Expense: $4,500,000

Requirements:

1. Prepare an Income Statement for Nike for the year 2023.
2. Calculate the Gross Profit Margin.
3. Determine the Operating Income Margin.
4. Compute the Net Profit Margin.
5. Analyze Nike's profitability ratios and provide insights.