The following data are taken from recent financial statement 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.
c. What conclusions can you draw from your analyses?

Transcribed Image Text:

Year 1 30,601 $27,799 2,693 Year 2 Sales (revenues) Net income 3,273