Nike Corporation reported the following financial data: . 2021 Net Sales: $7.2 billion, Gross Profit: $2.3 billion 2022 Net Sales: $8.1 billion, Gross Profit: $2.7 billion Calculate the gross profit percentage for each year.

Nike Corporation reported the following financial data: . 2021 Net Sales: $7.2 billion, Gross Profit: $2.3 billion 2022 Net Sales: $8.1 billion, Gross Profit: $2.7 billion Calculate the gross profit percentage for each year.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Answer? ? General Accounting

Nike Corporation reported the following financial data:
.
2021 Net Sales: $7.2 billion, Gross Profit: $2.3 billion
2022 Net Sales: $8.1 billion, Gross Profit: $2.7 billion
Calculate the gross profit percentage for each year.

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