The following data are taken from recent financial statement of Nike, Inc. (in millions): Year 2 Year 1 Sales (revenues). $30,601 $27,799 2,693 Net income... 3,273 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. a. What conclusions can you draw from your analyses? c.
The following data are taken from recent financial statement of Nike, Inc. (in millions): Year 2 Year 1 Sales (revenues). $30,601 $27,799 2,693 Net income... 3,273 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. a. What conclusions can you draw from your analyses? c.
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 29E
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