Question
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,760
Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | ||||
---|---|---|---|---|
2022 | 2021 | |||
Assets | ||||
Current Assets | $9,760 | $8,780 | ||
Property, plant, and equipment (net) | 2,050 | 1,840 | ||
Other assets | 1,520 | 1,660 | ||
Total assets | $13,330 | $12,280 | ||
Liabilities and Stockholders' Equity | ||||
Current Liabilities | $3,240 | $3,380 | ||
Long-term liabilities | 1,230 | 1,290 | ||
Stockholders equity | 8,860 | 7,610 | ||
Total liabilities and stockholders' equity | $13,330 | $12,280 |
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | |||||||||
---|---|---|---|---|---|---|---|---|---|
2022 | 2021 | Increase (Decrease) | Percentage Change from 2021 | ||||||
Assets | |||||||||
Current Assets | $9,760 | $8,780 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Property, plant, and equipment (net) | 2,050 | 1,840 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Other assets | 1,520 | 1,660 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Total assets | $13,330 | $12,280 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Liabilities and Stockholders' Equity | |||||||||
Current Liabilities | $3,240 | $3,380 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Long-term liabilities | 1,230 | 1,290 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Stockholders equity | 8,860 | 7,610 | enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % | ||||
Total liabilities and stockholders' equity | $13,330 | $12,280 | $enter a dollar amount | enter percentages rounded to 1 decimal place rounded to 1 decimal place | % |
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