Day 13

Net Income

(aka “The Bottom Line”)

Your Homework

Open the NIKE 2022 10-K and find the income statement.

1. How much tax expense did NIKE have in 2022?
2. What was NIKE’s effective tax rate that year?  
3. What was NIKE's "bottom line" or Net Income?

Scroll down to see answers.

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  1. Taxes: $605M

  2. Effective Tax Rate: 9% (income taxes divided by income before income taxes)

  3. Net Income: $6,046M

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