Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Complete a horizontal analysis using the balance sheet for the Nike, Inc. Find the amount and percent of increase or decrease for 2016 to
Complete a horizontal analysis using the balance sheet for the Nike, Inc. Find the amount and percent of increase or decrease for 2016 to 2017 and 2017 to 2018. Fill in the blanks on the table below. Amounts do not need the dollar sign ($), whole numbers only, no decimals. Percentages should be two decimal places and no percentage sign (%) is needed. increase/decrease 2017-2018 increase/decrease 2017-2018 Percent increase/decrease 2016-2017 Amount increase/decrease 2016-2017 Percent (in millions) 2018 2017 2016 Amount ASSETS Current Assets Cash and 4,249 3,808 3,138 441 equivalents Short-term 996 2,371 2,319 -1375 investments < Accounts 3,498 3,677 3,241 -179 receivable, net Inventories 5,261 5,055 4,838 206 Prepaid expenses and 1,130 1,150 1,489 -20 other current assets Total Current Assets Property, plant and equipment; 15,134 16,061 15,025 -927 4,454 3.989 3,520 465 Complete a horizontal analysis using the balance sheet for the Nike, Inc. Find the amount and percent of increase or decrease for 2016 to 2017 and 2017 to 2018. Fill in the blanks on the table below. Amounts do not need the dollar sign ($), whole numbers only, no decimals. Percentages should be two decimal places and no percentage sign (%) is needed. increase/decrease 2017-2018 increase/decrease 2017-2018 Percent increase/decrease 2016-2017 Amount increase/decrease 2016-2017 Percent (in millions) 2018 2017 2016 Amount ASSETS Current Assets Cash and 4,249 3,808 3,138 441 equivalents Short-term 996 2,371 2,319 -1375 investments < Accounts 3,498 3,677 3,241 -179 receivable, net Inventories 5,261 5,055 4,838 206 Prepaid expenses and 1,130 1,150 1,489 -20 other current assets Total Current Assets Property, plant and equipment; 15,134 16,061 15,025 -927 4,454 3.989 3,520 465
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