Nike 2002 - Solution - NIKE SOLUTION Question a. i. NI/EBT...

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NIKE SOLUTION Question a. i. NI/EBT 65.20% 64.00% EBT/EBIT 95.53% 94.01% EBIT/SALES 10.76% 10.33% SALES/TOTAL ASSETS 153.55% 163.05% TOTAL ASSETS/COMMON EQUITY 167.83% 166.54% ROE 17.28% 16.88% ROE has increased about 0.4%. This is partially due to lower taxes and interest. COMMON EQUITY $3,839,000,000 $3,494,500,000 Question a. ii. NIKE INC 10-K 2002-05-31: Income Statement 2002/05/31 2001/05/31 Revenues $9,893,000,000 $9,488,800,000 Costs and expenses: Cost of sales $6,004,700,000 $5,784,900,000 Selling and administrative $2,820,400,000 $2,689,700,000 Interest expense (Notes 4 $47,600,000 $58,700,000 and 5) Other income/expense, net $3,000,000 $34,100,000 (Notes 1, 10 and 11) Total costs and expenses $8,875,700,000 $8,567,400,000 Income before income taxes $1,017,300,000 $921,400,000 and cumulative effect accounting change Income taxes (Note 6) $349,000,000 $331,700,000 Income before cumulative $668,300,000 $589,700,000 effect of accounting change Cumulative effect of $5,000,000 $0 accounting change, net of income taxes of $3.0 (Note 1)
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This note was uploaded on 05/04/2008 for the course ACCT 3320 taught by Professor Frankzhang during the Summer '06 term at University of Texas at Dallas, Richardson.

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Nike 2002 - Solution - NIKE SOLUTION Question a. i. NI/EBT...

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