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Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions)

Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions)

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. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) Assets Current assets Property, plant, and equipment (net) Other assets Total assets 2025 (a) $9,880 1,840 1,530 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity 8.740 Total liabilities and stockholders' equity $13,250 1,620 $13,250 $12,320 $3,260 2024 1,250 $8,900 1,800 $3,380 1,300 7,640 $12,320 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%)
Transcribed Image Text:Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) Assets Current assets Property, plant, and equipment (net) Other assets Total assets 2025 (a) $9,880 1,840 1,530 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity 8.740 Total liabilities and stockholders' equity $13,250 1,620 $13,250 $12,320 $3,260 2024 1,250 $8,900 1,800 $3,380 1,300 7,640 $12,320 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%)
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