Homework Help is Here – Start Your Trial Now!
Business
Accounting
CHAPTER 13 HOME X Ahttps://learn.wileyplus.com/courses/36381/assignments/5079265 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentoge area decreaseshow the numbers as negative, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2016 Assets Current Assets $9,550 $8,880 $ Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ Long-term liabilities 1,270 1,370 Stockholders' equity 8,580 7,800 Total liabilities and stockholders' $13,080 $12,500 $ equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. O Type here to search F2 F3 F4 F5 F6 F7 F8 PrtSc Insert Delete F9 F10 F11 F12 C@ %$4 & ) 3 4. 5 6 80 Backspace Num Lock E R Y Ho D G н L %3D Enter +II *3 LL L山

CHAPTER 13 HOME X Ahttps://learn.wileyplus.com/courses/36381/assignments/5079265 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentoge area decreaseshow the numbers as negative, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2016 Assets Current Assets $9,550 $8,880 $ Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ Long-term liabilities 1,270 1,370 Stockholders' equity 8,580 7,800 Total liabilities and stockholders' $13,080 $12,500 $ equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. O Type here to search F2 F3 F4 F5 F6 F7 F8 PrtSc Insert Delete F9 F10 F11 F12 C@ %$4 & ) 3 4. 5 6 80 Backspace Num Lock E R Y Ho D G н L %3D Enter +II *3 LL L山

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please help

CHAPTER 13 HOME X Ahttps://learn.wileyplus.com/courses/36381/assignments/5079265 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentoge area decreaseshow the numbers as negative, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2016 Assets Current Assets $9,550 $8,880 $ Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ Long-term liabilities 1,270 1,370 Stockholders' equity 8,580 7,800 Total liabilities and stockholders' $13,080 $12,500 $ equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. O Type here to search F2 F3 F4 F5 F6 F7 F8 PrtSc Insert Delete F9 F10 F11 F12 C@ %$4 & ) 3 4. 5 6 80 Backspace Num Lock E R Y Ho D G н L %3D Enter +II *3 LL L山
Transcribed Image Text:CHAPTER 13 HOME X Ahttps://learn.wileyplus.com/courses/36381/assignments/5079265 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentoge area decreaseshow the numbers as negative, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2016 Assets Current Assets $9,550 $8,880 $ Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ Long-term liabilities 1,270 1,370 Stockholders' equity 8,580 7,800 Total liabilities and stockholders' $13,080 $12,500 $ equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. O Type here to search F2 F3 F4 F5 F6 F7 F8 PrtSc Insert Delete F9 F10 F11 F12 C@ %$4 & ) 3 4. 5 6 80 Backspace Num Lock E R Y Ho D G н L %3D Enter +II *3 LL L山
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS