(a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current Assets $9,680 $8,760 $enter a dollar amount enter percentages rounded to 1 decimal place % Property, plant, and equipment (net) 2,040 1,830 enter a dollar amount enter percentages rounded to 1 decimal place % Other assets 1,490 1,640 enter a dollar amount enter percentages rounded to 1 decimal place % Total assets $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 $enter a dollar amount enter percentages rounded to 1 decimal place % Long-term liabilities 1,340 1,370 enter a dollar amount enter percentages rounded to 1 decimal place % Stockholders’ equity 8,710 7,550 enter a dollar amount enter percentages rounded to 1 decimal place % Total liabilities and stockholders' equity $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose the comparative balance sheets of Sage Hill Inc.. are presented here.

SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions)
	2020	2019
Assets
Current Assets	$9,680	$8,760
Property, plant, and equipment (net)	2,040	1,830
Other assets	1,490	1,640
Total assets	$13,210	$12,230
Liabilities and Stockholders' Equity
Current Liabilities	$3,160	$3,310
Long-term liabilities	1,340	1,370
Stockholders’ equity	8,710	7,550
Total liabilities and stockholders' equity	$13,210	$12,230

(a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)

SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions)
	2020	2019	Increase (Decrease)	Percentage Change from 2019
Assets
Current Assets	$9,680	$8,760	$enter a dollar amount	enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)	2,040	1,830	enter a dollar amount	enter percentages rounded to 1 decimal place	%
Other assets	1,490	1,640	enter a dollar amount	enter percentages rounded to 1 decimal place	%
Total assets	$13,210	$12,230	$enter a total amount	enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities	$3,160	$3,310	$enter a dollar amount	enter percentages rounded to 1 decimal place	%
Long-term liabilities	1,340	1,370	enter a dollar amount	enter percentages rounded to 1 decimal place	%
Stockholders’ equity	8,710	7,550	enter a dollar amount	enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity	$13,210	$12,230	$enter a total amount	enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.

SAGE HILL INC. Condensed Balance Sheet choose the accounting period


	$ (in millions)	Percent
Assets
Current Assets	$9,680	enter percentages	%
Property, plant, and equipment (net)	2,040	enter percentages	%
Other assets	1,490	enter percentages	%
Total assets	$13,210	enter percentages	%
Liabilities and Stockholders' Equity
Current Liabilities	$3,160	enter percentages	%
Long-term Liabilities	1,340	enter percentages	%
Stockholders’ equity	8,710	enter percentages	%
Total liabilities and stockholders' equity	$13,210	enter percentages	%

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