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Analyze Nike The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions): a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place. b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place. c. What conclusions can you draw from your analyses?
Financial And Managerial Accounting
Solutions
Financial And Managerial Accounting
Analyze Nike
The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):
a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place.
b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place.
c. What conclusions can you draw from your analyses?
a.
Determine the amount and percentage of change in the operating income from year 1 to year 2.
Explanation of Solution
Calculation of amount of change in the operating income from year 1 to year 2:
Thus, the amount of change in the operating income from year 1 to year 2 is $327 million
b.
Determine the percentage relationship between operating income and sales of year 2 and year 1.
c.
Explain the conclusion drawn from the analysis.
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