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Forecast Nike's fiscal year 2012 balance sheet. Assume no change for: goodwill, notes payable, common stock, capital in excess of stated value and accumulated other
Forecast Nike's fiscal year 2012 balance sheet. Assume no change for: goodwill, notes payable, common stock, capital in excess of stated value and accumulated other comprehensive income.
We forecast Nike using the following forecast assumptions:
Cash/Revenues | 9.4% |
Accounts receivable/Revenues | 15.0% |
Inventories/Revenues | 13.0% |
Deferred income taxes/Revenues | 1.5% |
Prepaid expenses and other current assets/Revenues | 2.8% |
L-T deferred income taxes and other assets/Revenues | 4.3% |
Depreciation expense/Prior-year PPE, net (incl. in overhead) | 17.3% |
Amortization expense/Prior-year intangible assets, net (incl. in overhead) | 4.9% |
Accounts payable/Revenues | 7.0% |
Accrued liabilities/Revenues | 9.5% |
Income taxes payable/Income taxes | 16.5% |
Deferred income taxes and other liabilities/Revenues | 4.4% |
Capital expenditures/Revenues | 2.1% |
Dividends/Net income | 26.0% |
Current portion of L/T due in 2013 | $48 |
Instructions: Round answers to the nearest whole number. Do not enter negative signs with answers. Remember to use rounded forecasted revenues with subsequent calculations.
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