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Hypothetical balance sheets of Nike, Inc. Are presented here.
Hypothetical balance sheets of Nike, Inc. Are presented here. NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,520
$8,800
Property, plant, and equipment (net)
1,990
1,810
Other assets
1,590
1,610
Total assets
$13,100
$12,220
Liabilities and Stockholders' Equity
Current Liabilities
$3,220
$3,380
Long-term liabilities
1,260
1,340
Stockholders’ equity
8,620
7,500
Total liabilities and stockholders' equity
$13,100
$12,220
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e. G. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e. G. 12. 5%. )
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Increase
(Decrease)
Percentage
Change
from 2021
Assets
Current Assets
$9,520
$8,800
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Property, plant, and equipment (net)
1,990
1,810
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Other assets
1,590
1,610
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Total assets
$13,100
$12,220
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Liabilities and Stockholders' Equity
Current Liabilities
$3,220
$3,380
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Long-term liabilities
1,260
1,340
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Stockholders’ equity
8,620
7,500
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Total liabilities and stockholders' equity
$13,100
$12,220
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
NIKE, INC.
Condensed Balance Sheet
choose the accounting period
$ (in millions)
Percent
Assets
Current Assets
$9,520
enter percentages rounded to 1 decimal place
%
Property, plant, and equipment (net)
1,990
enter percentages rounded to 1 decimal place
%
Other assets
1,590
enter percentages rounded to 1 decimal place
%
Total assets
$13,100
enter percentages rounded to 1 decimal place
%
Liabilities and Stockholders' Equity
Current Liabilities
$3,220
enter percentages rounded to 1 decimal place
%
Long-term Liabilities
1,260
enter percentages rounded to 1 decimal place
%
Stockholders’ equity
8,620
enter percentages rounded to 1 decimal place
%
Total liabilities and stockholders' equity
$13,100
enter percentages rounded to 1 decimal place
%
(a) Horizontal analysis of the balance sheet data for Nike, using 2021 as a base:NIKE, INC.Condensed Balance SheetMay 31($ in millions)20222021Increase (Decrease)Percentage Change from 2021AssetsCurrent Assets$9,520$8,800$7208.2%Property, plant, and equipment (net)1,9901,810$1809.9%Other assets1,5901,610($20)-1.2%Total assets$13,100$12,220$8807.2%Liabilities and Stockholders' EquityCurrent Liabilities$3,220$3,380($160)-4.7%Long-term liabilities1,2601,340($80)-6.0%Stockholders' equity8,6207,500$1,12014.9%Total liabilities and stockholders' equity$13,100$12,220$8807.2%(b) Vertical analysis of the balance sheet data for Nike for 2022:NIKE, INC.Condensed Balance SheetMay 31($ in millions)PercentAssetsCurrent Assets$9,52072.7%Property, plant, and equipment (net)1,99015.2%Other assets1,59012.1%Total assets$13,100100.0%Liabilities and Stockholders' EquityCurrent Liabilities$3,22024.6%Long-term Liabilities1,2609.6%Stockholders' equity8,62065.8%Total liabilities and stockholders' equity$13,100100.0%...