Scribd Logo
Upload

Welcome to Scribd!

  • 118 views

    NIKE INC (Reformulation)

    Uploaded by

    apuiftekhar
    Reformulate the income statement of ABC company for the year ended May 31, 2009 based on the following information: 1) Sales revenue was 19,176.1 million Taka with a cost of goods sold of 10,571.7 million Taka, resulting in a gross profit of 8,604.4 million Taka. 2) Expenses included administrative expenses of 3,798.3 million Taka, selling expenses of 2,351.3 million Taka, restructuring expenses of 195 million Taka, goodwill impairment of 199.3 million Taka, and intangible and other assets impairment of 202 million Taka. 3) Other items included interest income of 49.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    NIKE INC (Reformulation)

    Uploaded by

    apuiftekhar
    118 views3 pages
    Reformulate the income statement of ABC company for the year ended May 31, 2009 based on the following information: 1) Sales revenue was 19,176.1 million Taka with a cost of goods sold of 10,571.7 million Taka, resulting in a gross profit of 8,604.4 million Taka. 2) Expenses included administrative expenses of 3,798.3 million Taka, selling expenses of 2,351.3 million Taka, restructuring expenses of 195 million Taka, goodwill impairment of 199.3 million Taka, and intangible and other assets impairment of 202 million Taka. 3) Other items included interest income of 49.

    Original Description:

    Nike reformulation

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Reformulate the income statement of ABC company for the year ended May 31, 2009 based on the following information: 1) Sales revenue was 19,176.1 million Taka with a cost of goods sold of 10,571.7 million Taka, resulting in a gross profit of 8,604.4 million Taka. 2) Expenses included administrative expenses of 3,798.3 million Taka, selling expenses of 2,351.3 million Taka, restructuring expenses of 195 million Taka, goodwill impairment of 199.3 million Taka, and intangible and other assets impairment of 202 million Taka. 3) Other items included interest income of 49.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    118 views3 pages

    NIKE INC (Reformulation)

    Uploaded by

    apuiftekhar
    Reformulate the income statement of ABC company for the year ended May 31, 2009 based on the following information: 1) Sales revenue was 19,176.1 million Taka with a cost of goods sold of 10,571.7 million Taka, resulting in a gross profit of 8,604.4 million Taka. 2) Expenses included administrative expenses of 3,798.3 million Taka, selling expenses of 2,351.3 million Taka, restructuring expenses of 195 million Taka, goodwill impairment of 199.3 million Taka, and intangible and other assets impairment of 202 million Taka. 3) Other items included interest income of 49.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    NIKE, INC.

    Consolidated
    Balance Sheets (in
    millions)
    Reformulation of Income Statements
    Reformulate the income statement of ABC company based on the following
    information:
    ABC Company
    Income Statement
    For the year ended on 31 may, 2009
    Particulars Taka (in million)
    Sales revenue 19,176.1
    Cost of goods sold (10,571.7)
    Gross profit 8,604.4
    Administrative expenses (3,798.3)
    Selling expenses (2,351.3)
    Restructuring expenses (195.0)
    Goodwill impairment (199.3)
    Intangible and others assets impairment (202.0)
    Interest Income (expenses), net 9.5
    Other income (expenses), net 88.5
    EBT 1,956.5
    Income Tax (469.8)
    Net income 1,486.7
    Notes:
    1) Interest income: 49.7 million and interest expenses :40.2 Taka.
    2) Taxes have been allocated using federal and state statutory rates, 35
    percent for the federal rate plus the state l .3 percent rate.
    3) Other items:
    Particulars Taka (in million)
    Net translation gains and losses (335.3)
    Net hedging gains and losses 451.4
    Effect of stock option exercise 126.4

    You might also like