The comparative balance sheets of Nike, Inc. are presented here. Instructions(a) Prepare a horizontal analysis of the
Question:
The comparative balance sheets of Nike, Inc. are presented here.
Instructions(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2008 as a base.(Show the amount of increase or decrease as well.)(b) Prepare a vertical analysis of the balance sheet data for Nike for 2009.
Transcribed Image Text:
NIKE, INC. Comparative Balance Sheets May 31 ($ in millions) Assets 2009 2008 $ 9,734 $ 8,839 1,891 Current assets Property, plant, and equipment (net) Other assets 1,958 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity $ 3,277 1,280 8,693 $ 3,322 Current liabilities Long-term liabilities Stockholders' equity 1,296 7,825 Total liabilities and stockholders' equity $13,250 $12,443
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
a NIKE INC Condensed Balance Sheet May 31 in millions 2009 2008 Increase Decrease Percentage Change ...View the full answer
Answered By
Muhammad Rehan
Enjoy testing and can find bugs easily and help improve the product quality.
4.70+
10+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2011 and 2010. Sales for the year ended December 31, 2011, totaled $580,000. Required: a. Calculate ROI for 2011....
-
The following data are taken from the comparative balance sheets of Newman Billiards Club, which prepares its financial statements using the accrual basis of accounting. Members are billed based upon...
-
Use the test of your choice to determine whether the following series converge. 1 + 1.3 1 3.5 + 1 5.7
-
A sailboat weighing 980 lb with its occupants is running down wind at 8 mi/h when its spinnaker is raised to increase its speed. Determine the net force provided by the spinnaker over the 10-s...
-
A regenerative vapor power cycle has two turbine stages with steam entering the first turbine stage at 12 MPa, 600oC and expands to 1 MPa, where some of the steam is extracted and diverted to the...
-
Identify each of the following as an example of a perceived pressure (P), perceived opportunity (O), or rationalization (R) in the fraud triangle: 1. Job dissatisfaction 2. Greed. 3. "It's for a good...
-
A laser-materials-processing apparatus encloses a sample in the form of a disk of diameter D = 25 mm and thickness w = 1 mm. The sample has a diffuse surface for which the spectral distribution of...
-
Assume that a share of common stock has just paid a dividend of $1.50, and that this dividend is expected to grow ata. constant growth rate of 6.0 percent each year. Also assume that the expected...
-
Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...
-
Operating data for Gladow Corporation are presented below. InstructionsPrepare a schedule showing a vertical analysis for 2012 and 2011. 2012 2011 Sales $800,000 520,000 $600,000 Cost of goods sold...
-
Here are the comparative income statements of Blevins Corporation. Instructions(a) Prepare a horizontal analysis of the income statement data for Blevins Corporation, using 2011 as a base. (Show the...
-
On January 1, Acme Aglet Corporation is contemplating a four-year, $3 million term loan from the Fidelity First National Bank. The loan is payable at the end of the fourth year and would involve a...
-
Do you believe that a Georgia jury would find Locas guilty of the offense of public intoxication? Explain your position based on Georgia law. Client, Xamine Locus and three friends drove to Macon,...
-
Thomlin Company forecasts that total factory overhead for the current year will be $15,000,000 with 300,000 total machine hours. Year to date, the actual factory overhead is $16,000,000 and the...
-
Phillips Company bought 40 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. During the period of January 1, 20X1, through December 31, 20X3, the market value of...
-
Explain the thematic significance of existentialism in existentialist literature. How do these works interrogate concepts of meaning, freedom, and human existence ?
-
Marcy, age 1 2 , earned $ 4 0 0 from babysitting during 2 0 2 2 . Her parents claim her as a dependent. She also had interest and dividends of $ 2 , 8 0 0 during the year. She did not itemize...
-
If you were to travel in a vertical circle, at what point in the circle would you be most likely to experience weightlessness?
-
Comptech Ltd is a manufacturer of optical equipment. In September 2019, Ed Thompson the Chief Research Officer, attended a conference in Switzerland that focused on optical developments for the 21st...
-
Isotopes of an element are (a) Charged atoms, also called ions for short. (b) Actually different elements. (c) The same element but with different number of neutrons in the nucleus. (d) The same...
-
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions (a) Based on the information in...
-
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C. Instructions (a) Based on the information in...
-
The financial statements of Amazon.com, Inc. are presented in Appendix D. Finan- cial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions (a) Based on the information in...
-
A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @...
-
PCMath11 4. The sum of two numbers is 10. The sum of their reciprocals is 12' WCLN.ca what are the numbers? 5. Two positive consecutive numbers are represented by x and x+1. If four is added to the...
-
Jessica May was just elected Mayor of the City of Colwell. She ran a very aggressive campaign on reducing spending and cutting taxes. She was particularly critical of public employees, calling them...
Study smarter with the SolutionInn App