Nike Inc. (NYSE:NKE) reported the following 2015 income statement ($ thousands).
ID: 2753440 • Letter: N
Question
Nike Inc. (NYSE:NKE) reported the following 2015 income statement ($ thousands).
Mr. Chenjun Zhao, an assistant financial analyst of Shanghai Investment Trust Co. (), a Shanghai, China-based finance company is asked to project 2016 operating income assuming a 12% decrease in sales. He assumes that the 2015 percentages of expenses to total revenue continue to hold in 2016. He intends to forecast the accounting items based on the percentage-of-sale method. He directs you as his subordinates to complete the following forecasts. Make sure to show all of your supporting calculations.
Nike Inc. (NYSE:NKE) reported the following 2015 income statement ($ thousands).
Mr. Chenjun Zhao, an assistant financial analyst of Shanghai Investment Trust Co. (), a Shanghai, China-based finance company is asked to project 2016 operating income assuming a 12% decrease in sales. He assumes that the 2015 percentages of expenses to total revenue continue to hold in 2016. He intends to forecast the accounting items based on the percentage-of-sale method. He directs you as his subordinates to complete the following forecasts. Make sure to show all of your supporting calculations.
Nike Inc. (NYSE:NKE) reported the following 2015 income statement ($ thousands).
Mr. Chenjun Zhao, an assistant financial analyst of Shanghai Investment Trust Co. (), a Shanghai, China-based finance company is asked to project 2016 operating income assuming a 12% decrease in sales. He assumes that the 2015 percentages of expenses to total revenue continue to hold in 2016. He intends to forecast the accounting items based on the percentage-of-sale method. He directs you as his subordinates to complete the following forecasts. Make sure to show all of your supporting calculations.
5/31/2015 5/31/2016 1) Total Revenue $20,862,000 2) Cost of Revenue 11,354,000 Gross Profit= 1)-2) 9,508,000 3) Selling, General and Adm. Expenses 4)Administrative Expenses 6,693,000 4) Other Operating Income 33,000 5) Operating Income $2,848,000Explanation / Answer
Nike Inc. (NYSE:NKE) reported the following 2015 income statement ($ thousands).
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.