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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 29
Vertical analysis of income statement
The following data (in millions) are taken from recent financial statements of Nike Inc.:
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
The following data (in millions) are taken from recent financial statements of Nike Inc.:
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
Explanation
Verified
Verified
(a)
Compute amount of change in net inco...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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