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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   $  9,040   $  8,000 Property, plant, and equipment (net)   2,100   2,000 Other assets   1,710   1,900 Total assets   $ 12,850   $ 11,900 Liabilities and Stockholders’ Equity         Current liabilities   $  3,069   $  3,100 Long-term liabilities   1,209   1,300 Stockholders’ equity   8,572   7,500 Total liabilities and stockholders’ equity   $ 12,850   $ 11,900 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

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   $  9,040   $  8,000 Property, plant, and equipment (net)   2,100   2,000 Other assets   1,710   1,900 Total assets   $ 12,850   $ 11,900 Liabilities and Stockholders’ Equity         Current liabilities   $  3,069   $  3,100 Long-term liabilities   1,209   1,300 Stockholders’ equity   8,572   7,500 Total liabilities and stockholders’ equity   $ 12,850   $ 11,900 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

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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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
   $  9,040   $  8,000
Property, plant, and equipment (net)
   2,100   2,000
Other assets
   1,710   1,900
Total assets
   $ 12,850   $ 11,900
Liabilities and Stockholders’ Equity        
Current liabilities
   $  3,069   $  3,100
Long-term liabilities
   1,209   1,300
Stockholders’ equity
   8,572   7,500
Total liabilities and stockholders’ equity
   $ 12,850   $ 11,900


(a)

Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $ 9,040 Property, plant, and equipment (net) 2,100 Other assets 1,710 Total Assets $ 12,850 % Liabilities and Stockholders' Equity Current liabilities $ 3,069 % Long-term liabilities 1,209 Stockholders' equity 8,572 Total liabilities and Stockholders' $ 12,850 % Equity
Transcribed Image Text:(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $ 9,040 Property, plant, and equipment (net) 2,100 Other assets 1,710 Total Assets $ 12,850 % Liabilities and Stockholders' Equity Current liabilities $ 3,069 % Long-term liabilities 1,209 Stockholders' equity 8,572 Total liabilities and Stockholders' $ 12,850 % Equity
Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) Percentage Change from 2019 Increase 2020 2019 (Decrease) Assets $ $ Current assets % 9,040 8,000 Property, plant & equipment (net) 2,100 2,000 Other assets 1,710 1,900 $ $ Total Assets $ % 12,850 11,900 Liabilities and Stockholders' Equity $ $ Current liabilities $ % 3,069 3,100 Long-term liabilities 1,209 1,300 % Stockholders' equity 8,572 7,500 % Total liabilities and $ $ Stockholders' Equity 12,850 11,900 %24 %24 %24
Transcribed Image Text:Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) Percentage Change from 2019 Increase 2020 2019 (Decrease) Assets $ $ Current assets % 9,040 8,000 Property, plant & equipment (net) 2,100 2,000 Other assets 1,710 1,900 $ $ Total Assets $ % 12,850 11,900 Liabilities and Stockholders' Equity $ $ Current liabilities $ % 3,069 3,100 Long-term liabilities 1,209 1,300 % Stockholders' equity 8,572 7,500 % Total liabilities and $ $ Stockholders' Equity 12,850 11,900 %24 %24 %24
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