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?
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