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 | $12,360 | ||
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
| NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | Increase (Decrease) | Percentage Change from 2021 | ||||||
| Assets | |||||||||
| Current Assets | $9,510 | $8,770 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Property, plant, and equipment (net) | 1,961 | 1,800 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Other assets | 1,580 | 1,790 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Total assets | $13,051 | $12,360 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Liabilities and Stockholders' Equity | |||||||||
| Current Liabilities | $3,228 | $3,400 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Long-term liabilities | 1,261 | 1,340 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Stockholders equity | 8,562 | 7,620 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
| Total liabilities and stockholders' equity | $13,051 | $12,360 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
| NIKE, INC. Condensed Balance Sheet choose the accounting period For the Year Ended May 31, 2022For the Month Ended May 31, 2022May 31, 2022 | |||||
|---|---|---|---|---|---|
| $ (in millions) | Percent | ||||
| Assets | |||||
| Current Assets | $9,510 | enter percentages rounded to 1 decimal place | % | ||
| Property, plant, and equipment (net) | 1,961 | enter percentages rounded to 1 decimal place | % | ||
| Other assets | 1,580 | enter percentages rounded to 1 decimal place | % | ||
| Total assets | $13,051 | enter percentages rounded to 1 decimal place | % | ||
| Liabilities and Stockholders' Equity | |||||
| Current Liabilities | $3,228 | enter percentages rounded to 1 decimal place | % | ||
| Long-term Liabilities | 1,261 | enter percentages rounded to 1 decimal place | % | ||
| Stockholders equity | 8,562 | enter percentages rounded to 1 decimal place | % | ||
| Total liabilities and stockholders' equity | $13,051 | enter percentages rounded to 1 decimal place | % | ||
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