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Prepare an income statement for Nike, Inc. for the year ended December 31, 2023. Calculate the Earnings Per Share (EPS). Calculate the Gross Profit Margin.

  1. Prepare an income statement for Nike, Inc. for the year ended December 31, 2023.
  2. Calculate the Earnings Per Share (EPS).
  3. Calculate the Gross Profit Margin.

Item

Amount ($)

Sales Revenue

2,200,000

Cost of Goods Sold

1,400,000

Salaries Expense

350,000

Rent Expense

80,000

Utilities Expense

60,000

Depreciation Expense

90,000

Interest Expense

50,000

Income Tax Expense

90,000

Common Shares Outstanding

100,000

Question:

Using the given data, prepare the income statement for Nike, Inc. for the year ended December 31, 2023. Calculate the Earnings Per Share (EPS) and the Gross Profit Margin.

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