Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

(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. 12.1%. Long-term Liabilities Stockholders' equity Total liabilities and stockholders' equity 1,344 9,184 $14,000 % % % Current Attempt in Progress Suppose the comparative balance sheets of Nike, Inc. are as follows. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{NIKE,INC.CondensedBalanceSheetMay31($inmillions)} \\ \hline & 2022 & 2021 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Current Assets & $10,332 & $9,393 \\ \hline Property, plant, and equipment (net) & 2,100 & 2,034 \\ \hline Other assets & 1,568 & 1,721 \\ \hline Total assets & $14,000 & $13,148 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Current Liabilities & $3,472 & $3,513 \\ \hline Long-term liabilities & 1,344 & 1,360 \\ \hline Stockholders' equity & 9,184 & 8,275 \\ \hline Total liabilities and stockholders' equity & $14,000 & $13,148 \\ \hline \end{tabular} (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Audit Handbook

Authors: Doug Dayton

1st Edition

0136143148, 978-0136143147

More Books

Students also viewed these Accounting questions

Question

What magazine and ads did you choose to examine?

Answered: 1 week ago