My Question: Hello I need help finding the percentage total for the vertical analysis of the balance sheet data for Nike Inc 2022 For Question # 1. The Balance sheet will be provided below to solve for the Question # 1 Hypothetical balance sheets of Nike, Inc. are presented down below: 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) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,450 Stockholders’ equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 Question 1. Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 % Assets Percent Current Assets $9,880 Property, plant, and equipment (net) 1,940 Other assets 1,580 Total assets $13,400 Liabilities and Stockholders' Equity Current Liabilities $3,300 Long-term liabilities 1,350 Stockholders’ equity 8,750 Total liabilities and stockholders' equity $13,400
My Question: Hello I need help finding the percentage total for the vertical analysis of the balance sheet data for Nike Inc 2022 For Question # 1. The Balance sheet will be provided below to solve for the Question # 1 Hypothetical balance sheets of Nike, Inc. are presented down below: Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,450 Stockholders’ equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 Question 1. Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 % Assets Percent Current Assets $9,880 Property, plant, and equipment (net) 1,940 Other assets 1,580 Total assets $13,400 Liabilities and Stockholders' Equity Current Liabilities $3,300 Long-term liabilities 1,350 Stockholders’ equity 8,750 Total liabilities and stockholders' equity $13,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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My Question: Hello I need help finding the percentage total for the vertical analysis of the
The Balance sheet will be provided below to solve for the Question # 1
Hypothetical balance sheets of Nike, Inc. are presented down below:
Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
|
NIKE, INC.
Condensed Balance Sheet May 31 ($ in millions) |
||||
|---|---|---|---|---|
|
2022
|
2021
|
|||
|
Assets
|
||||
|
Current Assets
|
$9,880
|
$8,810
|
||
|
Property, plant, and equipment (net)
|
1,940
|
1,830
|
||
|
Other assets
|
1,580
|
1,700
|
||
|
Total assets
|
$13,400
|
$12,340
|
||
|
Liabilities and
|
||||
|
Current Liabilities
|
$3,300
|
$3,300
|
||
|
Long-term liabilities
|
1,350
|
1,450
|
||
|
Stockholders’ equity
|
8,750
|
7,750
|
||
|
Total liabilities and stockholders' equity
|
$13,400
|
$12,340
|
Question 1. Prepare a vertical analysis of the balance sheet data for Nike for 2022.
|
NIKE, INC.
Condensed Balance Sheet May 31 ($ in millions) |
||||
|---|---|---|---|---|
|
2022
|
% | |||
|
Assets
|
Percent | |||
|
Current Assets
|
$9,880
|
|||
|
Property, plant, and equipment (net)
|
1,940
|
|||
|
Other assets
|
1,580
|
|||
|
Total assets
|
$13,400
|
|||
|
Liabilities and Stockholders' Equity
|
||||
|
Current Liabilities
|
$3,300
|
|||
|
Long-term liabilities
|
1,350
|
|||
|
Stockholders’ equity
|
8,750
|
|||
|
Total liabilities and stockholders' equity
|
$13,400
|
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