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will thumbs up for the help! thank you sooo much! 12. Below is income statement data for Nike, Inc: Nike, Inc Consolidated Statements of Income

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12. Below is income statement data for Nike, Inc: Nike, Inc Consolidated Statements of Income $ in Millions 12 Months Ended May 31,2019 May 31, 2018 $39,117 21,643 $36,397 20,441 Revenues (net sales) Cost of sales Gross Profit Demand creation expense Operating overhead expense Total selling & Administrative expense Interest expense (income), net Other (income) expense, net $17,474 3753 8,949 $12,702 49 (78) 15,956 3,577 7,934 11,5111 54 66 Income before income taxes Income tax expense 4.801 772 4,325 2,392 Net Income $4,029 $1,933 Perform vertical analysis on Gross Profit for 2019 and 2018, respectively. Round answers to two decimals places. a) 44.67% and 43.84% b) 100% and 100% c) 10.30% and 5.31% d) 55.33% and 56.16% 13. Assume the following information for two different companies Company A Company B Current year Prior Year Current Year Current Ratio 3.7 3.0 Debt to Assets 60% 55% 46% Ratio Prior Year 2.9 47% Which of the following statements is true? a) Company B's liquidity weakened from the prior year to the current year. b) Company A is more solvent than Company B. c) Company A may actually be considered less liquid than Company B since the current ratio does not consider composition of current assets d) Company A improved their solvency from the prior year to the current year

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