Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 4.00

Nike Inc.

Vertical analysis of income statement

The following data (in millions) are taken from recent financial statements of Nike Inc.:

 

 

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?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 08:09 PM My Price 4.00

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