Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assets NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Current Assets $9,520 $8,800 Property, plant, and equipment (net) 1,990 1,810
Assets NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 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 $12,220 Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.2%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage 2022 2021 Increase (Decrease) Change from 2021 Assets Current Assets $9,520 $8,800 $ Property, plant, and 1,990 1,810 equipment (net) Other assets 1,590 1,610 Total assets $13,100 $12,220 $ % % % % do do do olo 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 $ % % do do do do
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started