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Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,800
Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | ||||
---|---|---|---|---|
2022 | 2021 | |||
Assets | ||||
Current Assets | $9,800 | $8,720 | ||
Property, plant, and equipment (net) | 1,910 | 1,820 | ||
Other assets | 1,540 | 1,670 | ||
Total assets | $13,250 | $12,210 | ||
Liabilities and Stockholders' Equity | ||||
Current Liabilities | $3,277 | $3,370 | ||
Long-term liabilities | 1,280 | 1,310 | ||
Stockholders equity | 8,693 | 7,530 | ||
Total liabilities and stockholders' equity | $13,250 | $12,210 |
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decreas negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,800 $8,720 $ Property, plant, and equipment (net) 1,910 1,820 Other assets 1,540 1,670 Total assets $13,250 $12,210 $ Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,370 $ Long-term liabilities 1,280 1,310 Stockholders' equity 8,693 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,800 Property, plant, and equipment (net) 1,910 Other assets 1,540 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,277 Long-term Liabilities 1,280 Stockholders' equity 8,693 Total liabilities and stockholders' equity $13,250
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