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Hello, Guys I would like to get helps with this Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented below. Suppose the
Hello, Guys
I would like to get helps with this Exercise 13-5
Suppose the comparative balance sheets of Nike, Inc. are presented below.
Suppose the comparative balance sheets of Nike, Inc. are presented here. Condensed Balance Sheet May 31 $ in millions) 2014 2013 $9,501 $8,583 1,832 1,755 1,749 $12,924 12,087 Current Assets Property, plart, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity 1,591 Long-term liabilities tockholders equity Total liabilities and stockholders equity $3,181 $3,225 1,259 8,4917.603 1,249 $12,924 12,087 a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2013 as a base. If amount and percentage are a decrease show the numbers as negative, eg. 55,000 20% or 55,000 (20% ). Round percentages to 1 decimal place, eg. 12.19 Condensed Balance Sheet May 31 $ in millions) 2014 2013 Change from 2013 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets $9,501 $8,583 1,832 1,755 1,749 $12,924 12,087 1,591 Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,181 $3,225 1,249 1,259 7,603 $12,924 12,087 8,494 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2014. Condensed Balance Sheet y 31, 2014 in millions) Assets Current Assets Property, plant, and equipment (net) Other assets $9,501 1,832 1,591 $12,924 Total assets Current Liabilities Long-term Liabilities Stockholders' equity $3,181 1,249 8,494 $12,924 Total liabilities and stockholders' equityStep by Step Solution
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