I NEED HELP SETTING UP AN VERTICAL & HORIZONTAL ANALYSIS BALANCE SHEET Suppose the comparative balance sheets of Nike, Inc. are presented here.Nike, Inc.Comparative Balance SheetsMay 31($ in millions) 2020 2019Assets Current assets $ 10,179 $ 8,700Property, plant, and equipment (net) 1,890 1,800Other assets 1,404 1,800Total assets $13,473 $12,300Liabilities and Stockholders’ Equity Current liabilities $ 3,564 $ 3,600Long-term liabilities 1,344 1,400Stockholders’ equity 8,565 7,300Total liabilities and stockholders’ equity $13,473 $12,300 NIKE, INC.Condensed Balance Sheet($ in millions)PercentageChange from 2019Increase20202019(Decrease)AssetsCurrent assets$10,179$8,700$%Property, plant & equipment(net)1,8901,800%Other assets1,4041,800Total Assets$13,473$12,300$Liabilities and Stockholders'EquityCurrent liabilities$3,564$3,600Long-term liabilities1,3441,400Stockholders' equity8,5657,300%Total liabilities and$13,473$12,300$%Stockholders' Equity%24%24 NIKE, INC.Condensed Balance Sheet$ (in millions)PercentAssetsCurrent assets$10,179%Property, plant, and equipment (net)1,890Other assets1,404%Total Assets$13,473Liabilities and Stockholders' EquityCurrent liabilities$3,564Long-term liabilities1,344Stockholders' equity8,565Total liabilities and Stockholders'$13,473Equity

We analyze the balance sheet for determining the various ratio which helps the organization in…

Answered: I NEED HELP SETTING UP AN VERTICAL &…

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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I NEED HELP SETTING UP AN VERTICAL & HORIZONTAL ANALYSIS BALANCE SHEET

Suppose the comparative balance sheets of Nike, Inc. are presented here.

Nike, Inc. Comparative Balance Sheets May 31 ($ in millions)
	2020	2019
Assets
Current assets	$ 10,179	$ 8,700
Property, plant, and equipment (net)	1,890	1,800
Other assets	1,404	1,800
Total assets	$13,473	$12,300
Liabilities and Stockholders’ Equity
Current liabilities	$ 3,564	$ 3,600
Long-term liabilities	1,344	1,400
Stockholders’ equity	8,565	7,300
Total liabilities and stockholders’ equity	$13,473	$12,300

NIKE, INC.
Condensed Balance Sheet
($ in millions)
Percentage
Change from 2019
Increase
2020
2019
(Decrease)
Assets
Current assets
$10,179
$8,700
$
%
Property, plant & equipment
(net)
1,890
1,800
%
Other assets
1,404
1,800
Total Assets
$13,473
$12,300
$
Liabilities and Stockholders'
Equity
Current liabilities
$3,564
$3,600
Long-term liabilities
1,344
1,400
Stockholders' equity
8,565
7,300
%
Total liabilities and
$13,473
$12,300
$
%
Stockholders' Equity
%24
%24

NIKE, INC.
Condensed Balance Sheet
$ (in millions)
Percent
Assets
Current assets
$10,179
%
Property, plant, and equipment (net)
1,890
Other assets
1,404
%
Total Assets
$13,473
Liabilities and Stockholders' Equity
Current liabilities
$3,564
Long-term liabilities
1,344
Stockholders' equity
8,565
Total liabilities and Stockholders'
$13,473
Equity

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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