Nike, Inc. Data for the year ended December 31, 2023:ItemAmountTotal Assets$600,000,000Total Liabilities$300,000,000Shareholders' Equity$300,000,000Revenue$400,000,000Operating Expenses$220,000,000Requirements:Calculate Nike's debt-to-equity...
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Accounting
Nike, Inc.
Data for the year ended December 31, 2023:
Item | Amount |
Total Assets | $600,000,000 |
Total Liabilities | $300,000,000 |
Shareholders' Equity | $300,000,000 |
Revenue | $400,000,000 |
Operating Expenses | $220,000,000 |
Requirements:
- Calculate Nike's debt-to-equity ratio.
- Determine Nike's net profit margin.
- Analyze the impact of total assets on Nike's financial leverage.
- Discuss how Nike recognizes revenue from apparel sales.
- Evaluate Nike's financial health using the interest coverage ratio.
- Explain the importance of the Income Measurement Objective in Nike’s financial reporting and strategic decisions.
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