Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribed

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 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%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt

2nd Edition

1119594537, 978-1119594536

More Books

Students also viewed these Accounting questions

Question

Why does the time period in which revenue is recognized matter?

Answered: 1 week ago