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courses/22387/assignments/576110?module_item_id=1202157 Suppose the comparative balance sheets of Kingbird, Inc., are presented here. KINGBIRD, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets

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courses/22387/assignments/576110?module_item_id=1202157 Suppose the comparative balance sheets of Kingbird, Inc., are presented here. KINGBIRD, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets $9.500 (8.700 Property, plant, and equipment (net) 1.900 1.800 Other assets 1.450 1,600 Total assets $12.850 $12.100 Liabilities and Stockholders' Equity Current Liabilities $3.150 $3.300 Long-term liabilities 1.200 1.290 Stockholders' equity Total abilities and stockholders' equity 8.500 7510 $12.850 512.100 % 3 4 5 & 6 7 ( 8 9 V E R T Y C 1 O P D F L G G/H J L Tov B N M Prepare a horizontal analysis of the balance sheet data for Kingbird, using 2019 as a base. (If amount and percentage are a ecrease show the numbers as negative, eg, -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) KINGBIRD, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 2020 Increase (Decrease) 2019 Assets Current Assets $9.500 $8,700 $ Property, plant, and equipment (net) 1.900 1,800 Other assets 1.450 1.600 Total assets $12,850 $12,100 $ Liabilities and Stockholders' Equity Current Liabilities $3,150 $3.300 $ Long-term abilities 1 200 1 290 Sindholders' equity 8.500 7.510 351 PM 4 5 6 N 8 O E R T YUUO P 3 F G H K L enter og dr V B N M pause U end Ctrl abilities and Stockholders' Equity Current Liabilities $3,150 $3,300 $ Long-term liabilities 1.200 1.290 % Stockholders' equity 8,500 7.510 Total liabilities and stockholders' equity $12.850 $12.100 $ % (6) Prepare a vertical analysis of the balance sheet data for Nike for 2020, KINGBIRD, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets 59.500 Property, plant, and equipment (net) 1.900 Other assets 1450 55 PM 5 6 S7 00 9 thome R T P DOUD F J K enter Dan V BIN M pause end Ctri (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. KINGBIRD, INC. Condensed Balance Sheet V $(in millions) Percent Assets Current Assets $9.500 % Property, plant, and equipment (net) 1.900 96 Other assets 1.450 Total assets $12.850 96 Liabilities and Stockholders' Equity Current Liabilities $3.150 Long-term Liabilities 1.200 Stockholders' equity Total abilities and stockholders' equity 8.500 9 $12.850 SS hp Q c 5 5 & 7 8 E R T U O D F G L H clv B N M U pause

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