Problem 14E Understand the format of financial statements and the link snong them (1013) Bwow se ncompiwa francas susamere for Cycone inc. Requert. Criculite the masry amourta. Due: Date: Tuesday, 'NOTE: Nike relevant 2021 income Statement Detail (s in millions)-SEE HOTTOM Al PAGE 2 Calculate the eight risk ratios for Nike for the year ended December 31,2021 (round your answers to two decimal places). Calculate the Five Profitability Ratios for Nike as per below: Profitability Ratios Calculation Answer A. Gross profit natio B. Rehurn on assets C. Profis marein D. Asset turnover E. Return on equity *Do not attempt to calculate the Price-Earnings Ratio "Income Statement Detail: Nkey relevarh 2021 income Statment information (s in millions) for the year ended December 31. 2021 : Net Sales: \$27.799 Gross Profit $12,446 Interest Expense: (5125) Income Tax Expense ( 5248) Net income: $2,693 Problem 14E Understand the format of financial statements and the link snong them (1013) Bwow se ncompiwa francas susamere for Cycone inc. Requert. Criculite the masry amourta. Due: Date: Tuesday, 'NOTE: Nike relevant 2021 income Statement Detail (s in millions)-SEE HOTTOM Al PAGE 2 Calculate the eight risk ratios for Nike for the year ended December 31,2021 (round your answers to two decimal places). Calculate the Five Profitability Ratios for Nike as per below: Profitability Ratios Calculation Answer A. Gross profit natio B. Rehurn on assets C. Profis marein D. Asset turnover E. Return on equity *Do not attempt to calculate the Price-Earnings Ratio "Income Statement Detail: Nkey relevarh 2021 income Statment information (s in millions) for the year ended December 31. 2021 : Net Sales: \$27.799 Gross Profit $12,446 Interest Expense: (5125) Income Tax Expense ( 5248) Net income: $2,693