Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance...
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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 $ 9,243 1,962 1,463 $12,668 $7.900 1,800 1.900 $11,600 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,465 1,164 8,039 $12,668 $3,500 1,200 6,900 $11,600 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%.) NIKE, INC. Condensed Balance Sheet (s in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $9,243 $7,900 Property, plant & equipment (net) 1,962 1,800 Other assets 1,463 1,900 Total Assets $12,668 $11,600 Liabilities and Stockholders' Equity Current liabilities $3,465 $3,500 Long-term labilities 1,164 1,200 Stockholders' equity 8,039 6,900 Total liabilities and Stockholders' Equity $12,668 $11,600 (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 $9,243 Property, plant, and equipment (net) 1,962 Other assets 1,463 Total Assets $12,668 Liabilities and Stockholders' Equity Current liabilities $3,465 Long-term abilities 1,164 Stockholders' equity 8,039 Total liabilities and Stockholders' Equity $12,668
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