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Determine the amount of change

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

                                                                     Year 2                       Year 1

Sales (revenues) ......................................... $36,397 1,933             $34,350 4,240

Net income ................................................. $1,933                                $4,340

Problem 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.

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

Problem c. What conclusions can you draw from your analyses?

Reference no: EM133007267

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