Question
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,510
Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | ||||
---|---|---|---|---|
2022 | 2021 | |||
Assets | ||||
Current Assets | $9,510 | $8,770 | ||
Property, plant, and equipment (net) | 1,961 | 1,800 | ||
Other assets | 1,580 | 1,790 | ||
Total assets | $13,051 | $12,360 | ||
Liabilities and Stockholders' Equity | ||||
Current Liabilities | $3,228 | $3,400 | ||
Long-term liabilities | 1,261 | 1,340 | ||
Stockholders equity | 8,562 | 7,620 | ||
Total liabilities and stockholders' equity | $13,051 | $12,360 |
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
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