Vertical analysis The following data are taken from recent financial statements of Nike, Inc. (in millions): Year 2 Year 1 Sales (revenues) $34,350 4,240 Net income 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. Year 1: % b. Determine the percentage relationship between net income and sales for Year 2 and Year 1. Round to one decimal place. Year 2: % % $36,397 1,933 c. What conclusions can you draw from your analyses? Nike has a decrease in net income between the two years.

The following data are taken from recent financial statements of Nke, 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 saies 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 a in net income between the two years