Describe the format of nike income statement

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Reference no: EM133341011

Question 1. Describe the format of Nike's income statement (single-step, multi-step, hybrid) and explain why you describe it that way.
Why do some companies use the multi-step format? What information does such a format highlight for investors?

Question 2. Evaluate the trend in revenue over the past five years (you'll need to refer to the company's financials from older 10-Ks to gather the historical data you need). In a horizontal analysis, calculate the percentage change in revenue for each year.
Document this analysis. Discuss what you believe is driving the change in sales considering what you can learn about the company, the industry, and overall economic conditions.

Reference no: EM133341011

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