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The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):     Year 2   Year 1   Revenues (sales)   $32,376   $30,601   Operating income   4,502   4,175   a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place. Operating income   $fill in the blank 1   fill in the blank 2% b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place. Year 1 fill in the blank  Year 2 fill in the blank

The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):     Year 2   Year 1   Revenues (sales)   $32,376   $30,601   Operating income   4,502   4,175   a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place. Operating income   $fill in the blank 1   fill in the blank 2% b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place. Year 1 fill in the blank  Year 2 fill in the blank

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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  1. The following data are taken from recent financial statements of Nike, Inc. (NKE) (in millions):

        Year 2   Year 1  
    Revenues (sales)   $32,376   $30,601  
    Operating income   4,502   4,175  

    a. Determine the amount of change (in millions) and percent of change in operating income from Year 1 to Year 2. Round to one decimal place.

    Operating income   $fill in the blank 1   fill in the blank 2%

    b. Determine the percentage relationship between operating income and sales for Year 2 and Year 1. Round to one decimal place.

    Year 1 fill in the blank 

    Year 2 fill in the blank

     

     
     
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