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 | ||
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
Liabilities and stockholders equity:
Questions:
What is the current liabilities?
What are the long term liabilities?
What is the stockholders equity?
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Financial Accounting And Reporting For Non Accounting Students How To Interpret Financial Statements And Appraise Company Performance
Authors: Stephen Frost
1st Edition
1398614084, 978-1398614086
