Hypothetical balance sheets of Nike, Inc. are presented here.AssetsNIKE, INC.Condensed Balance SheetMay 31($ in millions)Current AssetsProperty, plant, and equipment (net)Other assetsTotal assetsLiabilities and Stockholders' EquityCurrent LiabilitiesLong-term liabilitiesStockholders' equityTotal liabilities and stockholders' equity $13,1502022Assets$9,710B1,9401,500$3,2531.2708,627Current Assets$13,150 $12,280Other assets(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg. -55,000, -20 % or (55,000), (20%). Round percentages to 1decimal place, eg. 12.5%)Total assets2021Long-term liabilities$8,720Property, plant, and equipment (net)1,870Assets1,690$3,330Liabilities and Stockholders' EquityCurrent Liabilities1,3807,570$12,280Other assetsStockholders' equityTotal liabilities and stockholdersequityTotal assetsCurrent AssetsCurrent Liabilities2022Property, plant, and equipment (net)Long-term Liabilities$9,710Stockholders' equityNIKE, INC.Condensed Balance Sheet1,9401.500$13,150$3,2531.270Liabilities and Stockholders' Equity8.627May 31($ in millions)Total liabilities and stockholders' equity2021(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.NIKE, INC.Condensed Balance Sheet$8,720 $18701.690$12.280 $$3.330 $$13.150 $12.280 $13807,570$ (in millions)$9,7101,9401.500$13.150$3,2531.2708.627Increase(Decrease)$13.150Percent%%%%PercentageChangefrom 2021%%%%

Name: Hypothetical balance sheets of Nike, Inc. are presented here.AssetsNI
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Description: Hypothetical balance sheets of Nike, Inc. are presented here.AssetsNIKE, INC.Condensed Balance SheetMay 31($ in millions)Current AssetsProperty, plant, and equipment (net)Other assetsTotal assetsLiabilities and Stockholders' EquityCurrent Liabilitie

A horizontal and vertical analysis of the balance sheet is used to review the company's financial…

Business

Accounting

Hypothetical balance sheets of Nike, Inc. are presented here Assets NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 2022 $9,710 1,940 1,500 $13,150 $3,253 1.270 8,627 $13,150 2021 $8,720 1.870 1,690 $12,280 $3,330 1,380 7,570 $12,280 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negotive, eg.-55,000 -20% or (55,000 (20%). Round percentages to 1 176X1

Hypothetical balance sheets of Nike, Inc. are presented here Assets NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 2022 $9,710 1,940 1,500 $13,150 $3,253 1.270 8,627 $13,150 2021 $8,720 1.870 1,690 $12,280 $3,330 1,380 7,570 $12,280 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negotive, eg.-55,000 -20% or (55,000 (20%). Round percentages to 1 176X1

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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