the following data in millions are taken from recent financial statements of nike in 541658
Vertical analysis of income statement
The following data (in millions) are taken from recent financial statements of Nike Inc.:
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the following data in millions are taken from recent financial statements of nike in 541658
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|
Year 2 |
Year 1 |
|
|
Net sales (revenues) |
$19,014 |
$19,176 |
|
Net income |
1,907 |
1,487 |
a. Determine the amount of change (in millions) and percent of change in net income for Year 2. Round to one decimal place.
b. Determine the percentage relationship between net income and net sales (net income divided by net sales) for Year 2 and Year 1. Round to one decimal place.
c. What conclusions can you draw from your analysis?
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