Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 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' equity $13,080 $12,500 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2021 Assets Current Assets $9,550 $8,880 24 Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 24 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 $13,080 $12,500 %24 stockholders' equity
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 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' equity $13,080 $12,500 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2021 Assets Current Assets $9,550 $8,880 24 Property, plant, and equipment (net) 2,050 1,840 Other assets 1,480 1,780 Total assets $13,080 $12,500 24 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 $13,080 $12,500 %24 stockholders' equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
NIKE, INC.
Condensed Balance Sheet
$ (in millions)
Percent
Assets
Current Assets
$9,550
Property, plant, and equipment (net)
2,050
%
Other assets
1,480
%
Total assets
$13,080
%
Liabilities and Stockholders' Equity
Current Liabilities
$3,230
Long-term Liabilities
1,270
%
Stockholders' equity
8,580
%
Total liabilities and stockholders' equity
$13,080
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb33fce48-b282-410a-8ab1-ee022258521a%2F8dcdb328-22a7-474f-8cd5-6f3e46297647%2Fuudu1v_processed.png&w=3840&q=75)
Transcribed Image Text:(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
NIKE, INC.
Condensed Balance Sheet
$ (in millions)
Percent
Assets
Current Assets
$9,550
Property, plant, and equipment (net)
2,050
%
Other assets
1,480
%
Total assets
$13,080
%
Liabilities and Stockholders' Equity
Current Liabilities
$3,230
Long-term Liabilities
1,270
%
Stockholders' equity
8,580
%
Total liabilities and stockholders' equity
$13,080
%
![Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
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' equity
$13,080
$12,500
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease
show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
Percentage
Change
Increase
2022
2021
(Decrease)
from 2021
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
$13,080
$12,500
$
stockholders' equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb33fce48-b282-410a-8ab1-ee022258521a%2F8dcdb328-22a7-474f-8cd5-6f3e46297647%2F6iqfiua_processed.png&w=3840&q=75)
Transcribed Image Text:Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
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' equity
$13,080
$12,500
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease
show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
Percentage
Change
Increase
2022
2021
(Decrease)
from 2021
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
$13,080
$12,500
$
stockholders' equity
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