Comment of too many accounts--this is how it is on the
assignment.
Forecasting the Income Statement, Balance Sheet, and
Statement of Cash Flows
Following are the
financial statements of Nike, Inc.
Consolidated Statements of Income
Year ended May 31
In Millions
2011
2010
Revenues
$ 20,862
$ 19,014
Cost of sales
11,354
10,214
Gross profit
9,508
8,800
Demand creation expense
2,448
2,356
Operating overhead expense
4,245
3,970
Total selling and administrative expense
6,693
6,326
Interest expense (income), net
4
6...