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

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

a. Determine the amount of change (in millions) and percent of change in net income from Year 1 to Year 2. Round to one decimal place.

b. Determine the percentage relationship between net income and sales for Year 2 and Year 1. Round to one decimal place.

c. What conclusions can you draw from your analyses?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 05, 2021 04:25 AM

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

Question:

Year 2 Year 1 Sales (revenues) $36,397 $34,350 4,240 ..... Net income... 1,933 ......

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a The amount of change in net income from Year 1 to Yea...View the full answer

Accounting

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