The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions): a. Determine

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The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):

Year 1 Year 2 Revenues (sales) $ 30,601 4,175 $ 32,376 4,502 Operating income


a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place.
b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place.
c. What conclusions can you draw from your analyses?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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