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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 41
Nike: Vertical analysis
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?
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?
Explanation
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A financial statement is a official reco...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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