Nike reported a profit of $28,951,000 for one quarter (3 months), a profit of $20,570,000 for the second quarter, a profit of $15,342,000 the third quarter, and a loss of $48,037,000 for the fourth quarter. What was the net profit for the year?
A)$-92,900,000
B)$-16,826,000
C)$92,900,000
D)$16,826,000

Question

Quizplus · Accepted Answer

The net profit for the year is calculated by adding the profits and subtracting the loss: $28,951,000 + $20,570,000 + $15,342,000 - $48,037,000 = $16,826,000.

Nike Reported a Profit of $28,951,000 for One Quarter (3