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Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)
Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 $ 11,520 2,070 1,536 $15,126 $ 9,600 1,800 1,600 $13,000 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,136 1,176 10,814 $ 3,200 1,200 8,600 $13,000 $15,126 NIKE, INC. Condensed Balance Sheet ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $11,520 59,600 s % Property, plant & equipment (net) 2,070 1,800 % Other assets 1,536 1,600 % Total Assets $15,126 $13,000 % Liabilities and Stockholders' Equity Current liabilities $3,136 $3,200 5 % Long-term liabilities 1,176 1,200 % Stockholders' equity 10,814 8,600 % Total liabilities and Stockholders' Equity $15,126 $13,000 %Step by Step Solution
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