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Vertical analysis The following data are taken from recent financial statements of Nike, Inc. (in millions): a. Determine the amount of change (in millions) and

image text in transcribed Vertical analysis The following data are taken from recent financial statements of Nike, Inc. (in millions): 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. % b. Determine the percentage relationship between net income and sales for Year 2 and Year 1 . Round to one decimal place. Year 1: % Year 2: % c. What conclusions can you draw from your analyses? Nike has in net income between the two years

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