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Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets Total assets Current assets Property, plant, and equipment (net) Other assets (a) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Nike, Inc. Condensed Balance Sheets Assets Current Assets Other assets Property, plant, and equipment (net) Total assets May 31 ($ in millions) Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity 2025 $9,800 1,910 1,540 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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%) $13,250 $13,250 $12,210 2025 $9,800 1,910 1,540 $13,250 2024 $3,277 $8,720 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 1,280 1,820 8,693 1,670 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent

Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets Total assets Current assets Property, plant, and equipment (net) Other assets (a) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Nike, Inc. Condensed Balance Sheets Assets Current Assets Other assets Property, plant, and equipment (net) Total assets May 31 ($ in millions) Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity 2025 $9,800 1,910 1,540 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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%) $13,250 $13,250 $12,210 2025 $9,800 1,910 1,540 $13,250 2024 $3,277 $8,720 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 1,280 1,820 8,693 1,670 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent

FINANCIAL ACCOUNTING
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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Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets 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 (a) Assets Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities 2025 Stockholders' equity $9,800 1,910 1,820 1,540 1,670 $13,250 $12,210 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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%) $13,250 2025 $9,800 1,910 1,540 $13,250 2024 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) $3,277 $8,720 1,280 8,693 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent
Transcribed Image Text:Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets 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 (a) Assets Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities 2025 Stockholders' equity $9,800 1,910 1,820 1,540 1,670 $13,250 $12,210 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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%) $13,250 2025 $9,800 1,910 1,540 $13,250 2024 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) $3,277 $8,720 1,280 8,693 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent
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