Question: 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

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?

Year 1 30,601 $27,799 2,693 Year 2 Sales (revenues) Net income 3,273

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a Net income 3273 2693 580 million 5802693 215 b Y ear 1 269327799 97 Yea... View full answer

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