View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 2027 2026 Assets Current assets $8,856 $8,019 Property, plant, and equipment (net) 1,800 1,737 Other assets 1,344 1.510 Total assets $12,000 $11.266 Liabilities and Stockholders' Equity Current liabilities $2,976 $3,025 Long-term liabilities 1,176 1.193 Stockholders' equity 7,848 7,048 Total liabilities and stockholders' equity $12,000 $11,266 Week 10 - Homework: Chapter 13 Question 7 of 10 > Condensed Balance Sheets NIKE, INC. May 31 ($ in millions) 2027 2026 2.2/2.5 Increase (Decrease) Amount Percent Assets Current assets $8,856 $8,019 $ 837 Property, plant, and equipment 1,800 1,737 (net) Other assets 1,344 1,510 Total assets Liabilities and Stockholders' Equity 10.4 % 63 0.5 % (166) (1.4) % SUPPORT $12,000 $11,266 $ 734 6.5 % Current liabilities $2.976 $3,025 $ (49) (1.6) % Long-term liabilities 1,176 1,193 (17) (1.4) % Stockholders' equity 7,848 7,048 800 11.4 % Total liabilities and stockholders' equity $12,000 $11,266 $ 734 6.5 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2027. NIKE, INC. Condensed Balance Sheets For the Year Ended May 31, 2027 Assets $ (in millions) Percent Current assets $8,856 73.8 % Property, plant, and equipment (net). 1,800 15.0 % Other assets. 1,344 11.2 % Total assets $12,000 100 % Liabilities and Stockholders' Equity Current liabilities $2,976 24.8 % Long-term liabilities 1,176 9.8 % Stockholders' equity 7,848 65.4 % Total liabilities and stockholders' equity $12,000 100 eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer
View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 2027 2026 Assets Current assets $8,856 $8,019 Property, plant, and equipment (net) 1,800 1,737 Other assets 1,344 1.510 Total assets $12,000 $11.266 Liabilities and Stockholders' Equity Current liabilities $2,976 $3,025 Long-term liabilities 1,176 1.193 Stockholders' equity 7,848 7,048 Total liabilities and stockholders' equity $12,000 $11,266 Week 10 - Homework: Chapter 13 Question 7 of 10 > Condensed Balance Sheets NIKE, INC. May 31 ($ in millions) 2027 2026 2.2/2.5 Increase (Decrease) Amount Percent Assets Current assets $8,856 $8,019 $ 837 Property, plant, and equipment 1,800 1,737 (net) Other assets 1,344 1,510 Total assets Liabilities and Stockholders' Equity 10.4 % 63 0.5 % (166) (1.4) % SUPPORT $12,000 $11,266 $ 734 6.5 % Current liabilities $2.976 $3,025 $ (49) (1.6) % Long-term liabilities 1,176 1,193 (17) (1.4) % Stockholders' equity 7,848 7,048 800 11.4 % Total liabilities and stockholders' equity $12,000 $11,266 $ 734 6.5 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2027. NIKE, INC. Condensed Balance Sheets For the Year Ended May 31, 2027 Assets $ (in millions) Percent Current assets $8,856 73.8 % Property, plant, and equipment (net). 1,800 15.0 % Other assets. 1,344 11.2 % Total assets $12,000 100 % Liabilities and Stockholders' Equity Current liabilities $2,976 24.8 % Long-term liabilities 1,176 9.8 % Stockholders' equity 7,848 65.4 % Total liabilities and stockholders' equity $12,000 100 eTextbook and Media Save for Later Attempts: 2 of 3 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Transcribed Image Text:View Policies
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Current Attempt in Progress
Your answer is partially correct.
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.
NIKE, INC.
Condensed Balance Sheets
May 31
($ in millions)
2027
2026
Assets
Current assets
$8,856
$8,019
Property, plant, and equipment (net)
1,800
1,737
Other assets
1,344
1.510
Total assets
$12,000
$11.266
Liabilities and Stockholders' Equity
Current liabilities
$2,976
$3,025
Long-term liabilities
1,176
1.193
Stockholders' equity
7,848
7,048
Total liabilities and stockholders' equity
$12,000
$11,266
Week 10 - Homework: Chapter 13
Question 7 of 10
>
Condensed Balance Sheets
NIKE, INC.
May 31
($ in millions)
2027
2026
2.2/2.5
Increase (Decrease)
Amount
Percent
Assets
Current assets
$8,856
$8,019 $
837
Property, plant, and equipment
1,800
1,737
(net)
Other assets
1,344
1,510
Total assets
Liabilities and Stockholders'
Equity
10.4
%
63
0.5
%
(166)
(1.4)
%
SUPPORT
$12,000
$11,266 $
734
6.5
%
Current liabilities
$2.976
$3,025 $
(49)
(1.6)
%
Long-term liabilities
1,176
1,193
(17)
(1.4)
%
Stockholders' equity
7,848
7,048
800
11.4
%
Total liabilities and stockholders'
equity
$12,000 $11,266
$
734
6.5
%
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2027.
NIKE, INC.
Condensed Balance Sheets
For the Year Ended May 31, 2027
Assets
$ (in millions)
Percent
Current assets
$8,856
73.8 %
Property, plant, and equipment (net).
1,800
15.0
%
Other assets.
1,344
11.2 %
Total assets
$12,000
100 %
Liabilities and Stockholders' Equity
Current liabilities
$2,976
24.8 %
Long-term liabilities
1,176
9.8
%
Stockholders' equity
7,848
65.4
%
Total liabilities and stockholders' equity
$12,000
100
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