The following data are taken from recent financial statement of Nike, Inc.

Sales (revenues) year 2-

Vertical analysis The following data are taken from recent financial statement of Nike, Inc. (in millions): Year 2 Year 1 $30,601 3,273 $27,799 Net income 2,693 a. Determine the amount of change (in millions) and percent of change in net income from Year i to Year 2. Round to one decimal place. 1.2 % b. Determine the percentage relationship between net income and sales for Year 2 and Y to one Year 1:5.64 x % Year 2: 0.11 )( % net