Nike's Net Income Was $780,000; Its Net Assets Were $5,200,000;

question 190

Short Answer

Nike's net income was $780,000; its net assets were $5,200,000; and its net sales were $9,000,000.Calculate its profit margin ratio.

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Definitions:

Subsidence

The gradual caving in or sinking of an area of land.

Large Dams

Massive structures built across rivers or other bodies of water to control water flow, supply water for irrigation, and generate hydroelectric power.

Reservoirs

Artificial lakes or storage areas created by constructing dams across rivers or streams to store water for various purposes such as irrigation, power generation, and drinking water supply.

Electric Power

The flow of electrical energy through a conductor, used for a multitude of applications including lighting, heating, and powering machinery.