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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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