Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do i calculate the Percentages for vertical analysis? of the balance sheet data for Nike for 2017. (Round percentages to 1 decimal place, e.g.

How do i calculate the Percentages for vertical analysis?

of the balance sheet data for Nike for 2017.(Round percentages to 1 decimal place, e.g. 12.1%.)

NIKE, INC.

Condensed Balance Sheet

For the Year Ended May 31, 2017

For the Month Ended May 31, 2017

May 31, 2017

$ (in millions)

Percent

Assets

Current Assets

$9,880

%

Property, plant, and equipment (net)

1,940

%

Other assets

1,580

%

Total assets

$13,400

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,300

%

Long-term Liabilities

1,350

%

Stockholders' equity

8,750

%

Total liabilities and stockholders' equity

$13,400

%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Forensic Accounting

Authors: Michael A Crain, William S Hopwood

2nd Edition

1948306441, 978-1948306447

More Books

Students also viewed these Accounting questions

Question

1. Too reflect on self-management

Answered: 1 week ago

Question

Food supply

Answered: 1 week ago