QUESTION 5 E18.5 E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented her Prepare horizontal and vertical analyses Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) Assets 2020 2019 Current assets $ 9,734 $ 8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities Stockholders' equity 1,280 1,296 8,693 7,825 Total liabilities and stockholders' equity $13,250 $12,443 Instructions a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a b (Show the amount of increase or decrease as well.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2020.

QUESTION 5 E18.5 E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented her Prepare horizontal and vertical analyses Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) Assets 2020 2019 Current assets $ 9,734 $ 8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities Stockholders' equity 1,280 1,296 8,693 7,825 Total liabilities and stockholders' equity $13,250 $12,443 Instructions a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a b (Show the amount of increase or decrease as well.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2020.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Question 70 Using Financial Statements for 2018-2019, the amount of cash and marketable securities at the end of the year is $4,202,000. TRUE OR FALSE?
Question 68 Using Financial Statements for 2018-2019. Net book value per share of common stock for 2019 is $17.46.
Question 97 Using Financial Statements for 2020, times interest earned for the year 2020 is 15.37. TRUE OR FALSE?
Question 95 Using Financial Statements for 2020, debt equity ratio for the year 2020 is 2.30.
Question 13 The extract disclosed below relates to JohNicho Limited for the year ended December 31, 2021 JohNicho Limited Statement of Comprehensive Income for the year ended 31st December: Net Sales Cost of goods sold SG&A Other costs Operating Income (EBIT) Interest Extraordinary income EBT Taxes Net Income Non-current assets Property, Plant & Equipment Motor vehicles Furniture Total non-current assets Current assets Trade Receivables Other Current Assets Inventories Total Current Assets Total assets Current liabilities Accounts payable Other current liabilities Total Current Liabilities JohLex Limited Statement of Financial Position as at 31st December: 2020 GHC Long-term Debt Debenture Total non-current liabilities 10 Shareholders' equity Total Liabilities and Equity GHC 6,386 18,472 6,759 8,461 25,265 19,811 20,753 Required to calculate: (a) Inventory turnover period (in days) (b) Receivable collection period (in days) (c) Payable collection period (in days) (d) Working capital…
A3
Need Help with this Question
please answer, thanks
Question 91 Using Financial Statements for 2020, sales to total assets for the year 2020 is 0.99. TRUE OR FALSE
QUESTION 13 A company had net non-current assets of R13 000 at the end of 2019 and R11 000 at the end of 2018. In addition, the company had a depreciation expense of R350 during 2019 and R500 during 2018. Based on this information, the company’s net non-current asset investment for 2019 was ... 1. R 0. R2 000. R2 350. 4 R2 500.
Question 94 Using Financial Statements for 2020, debt ratio for the year 2020 is 0.33.
QUESTION 10 The following information is given to you: Gross Fixed Assets Net Fixed Assets Depreciation Expense Net Fixed Assets in 2022 was $ 600 800 400 200 Not enough information to answer. 2021 1,000 800 ??? 2022 1,000 ??? 200