acc 345 projected income statement - Projected Income...

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Projected Income Statement Nike Inc. (in millions) 2016 Income statement Total revenues 31,339 Cost of goods sold 16824 Gross profit 14515 Selling, general, and administrative expense 10111 Operating income 4404 Interest expense 0 Other income (expense) 109 Income before tax 4513 Provision for income tax 893 Income (loss) from extra items and discontinued operations
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Unformatted text preview: Net income 3620 Outstanding shares 1760 Forecasting Assumptions Sales growth 15.83 Gross profit margin 46.21 Selling, general, and administrative expense/Sales 32.19 Deprecation expense/Gross prior year PP&E 13.94 Interest expense/Prior year long term debt 9.65 Income tax/Pretax income 21.06...
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