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 percent to one decimal place.
Amount of change | $ | million |
Percent of change in net income | % |
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.
Year 2: | % |
Year 1: | % |