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Determine the amount of change

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Reference no: EM132678835

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

 

Year 2

Year 1

Sales (revenues)

$30,601

$27,799

Net income

3,273

2,693

Required -

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?

Reference no: EM132678835

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