Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the first is nike income and second is adidas, just need help filling out the two income statements with the given information below. Thanks need

the first is nike income and second is adidas, just need help filling out the two income statements with the given information below. Thanks

image text in transcribedimage text in transcribed

image text in transcribed

need the income statements to be in identical format if possible

$ (In millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME YEAR ENDED MAY 31, 2020 2019 37,403 $ 39,117 $ 21,162 21,643 16,241 17,474 3,592 3.753 9,534 8,949 13,126 12,702 89 49 139 (78) 2,887 4,801 348 772 2,539 $ 4,029 $ 2018 36,397 20,441 15,956 3,577 7,934 11,511 54 66 4,325 2,392 1,933 $ $ $ $ $ 1.63 $ 1.60 $ 2.55 $ 2.49 $ 1.19 1.17 Earnings per common share Basic Diluted Weighted average common shares outstanding: Basic Diluted 1,558.8 1,591.6 1,579.7 1,618.4 1,623.8 1,659.1 Chang Year ending Dec. 31, 2026 19.844 9,990 (16.1% Year ending Dec. 31, 2019 23,640 11,347 12,293 52.09 (12.0% 9,855 (19.8% 49.7% 12.3pp (46.2% 83 154 42 56 (24.5% 16.2% 9.229 46.5% 2,573 9,843 41.6% 3,042 4.9p (15.4% 13.0% 0.10 10.7% 4,962 25.0% 1,461 7.4% 12.99 4,997 21.19 1,652 7.09 134 119 0.6% 114 0.69 18 751 2,660 Net sales Cost of sales Gross profit 1% of net sales Royalty and commission income Other operating income Other operating expenses 1% of net sales! Marketing and point-of-sale expenses % of net sales Distribution and selling expenses % of net sales! General and administration expenses [% of net sales Sundry expenses % of net sales! Impairment losses (net) on accounts receivable and contract assets Operating profit 1% of net sales! Financial income Financial expenses Income before taxes 1% of net sales! Income taxes 1% of income before taxes Net income from continuing operations 1% of net sales! Gain from discontinued operations, net of tax Net income 1% of net sales! Net income attributable to shareholders % of net sales! Net income attributable to non-controlling interests Basic earnings per share from continuing operations lin ) Diluted earnings per share from continuing operations (in ) Basic earnings per share from continuing and discontinued operations lin ) Diluted earnings per share from continuing and discontinued operations in ) 3.9 (11.6% 0.4pp (11.6% 0.Ops 541.8% 171.8% 17.5pp (55.2% 23.2% (77.5% 17.9 pp (77.2% 3.8% 11.3% 29 64 204 166 575 2,558 10.89 2.9% 146 640 25.4% 429 25.0% 1,918 0.3pp (77.6% 16. Opp (77.5% 2.2% 8.1% 13 59 443 (77.6% 2.2% 1,977 8.49 1,976 8.49 432 2.2% 16.1 pp [78.1% 16.2 pp 540.9% (77.9% 11 2 2.15 9.70 2.15 9.70 10.00 2.21 2.21 (77.9% 177.8% 177.8% 10.00 2020 2020 2019 Nike Net sales cost of sales gross profit selling, general and administrative expenses depreciation and amortization operating income earnings before interest and taxes interest income pretax income taxes net income earnings/share diluted earnings/share stock price shares outstanding 2019 Adidas Net sales cost of sales gross profit selling, general and administrative expenses depreciation and amortization operating income earnings before interest and taxes interest income pretax income taxes net income earnings/share diluted earnings/share stock price shares outstanding

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Identify the types of informal reports.

Answered: 1 week ago

Question

Write messages that are used for the various stages of collection.

Answered: 1 week ago