Question
Presented below are the summarized financial data for Nike Inc. as of December 31, 2023: Income Statement: Total Revenue: $800,000 Cost of Goods Sold: $560,000
Presented below are the summarized financial data for Nike Inc. as of December 31, 2023:
Income Statement:
Total Revenue: $800,000
Cost of Goods Sold: $560,000
Operating Expenses: $180,000
Tax Expense: $20,000
Net Income: $40,000
Balance Sheet:
Cash: $70,000
Accounts Receivable: $120,000
Inventory: $160,000
Fixed Assets: $250,000
Current Liabilities: $130,000
Long-term Liabilities: $170,000
Shareholders’ Equity: $300,000
Compute the return on equity (ROE).
Calculate the inventory turnover ratio.
Determine the current ratio.
Find the net profit margin.
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