Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, es. 12.3% ) Hypothetical comparative condensed

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, es. 12.3% ) Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 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 eg. 45,45% or parentheses es. (45), (45\%). Round percentages to 1 decimal place, e.g. 12.3\%.) \begin{tabular}{|c|c|c|c|} \hline Current assets & $9,191 & 73.2 & \% \\ \hline Property, plant, and equipment (net) & 2,163 & 15.4 & \% \\ \hline Other assets & 1,568 & 114 & % \\ \hline Total Assets & $12,922 & 100 & % \\ \hline \multicolumn{4}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Current liabilities & $3.201 & 24.3 & % \\ \hline Long-term liabilities & 1,235 & 9.2 & % \\ \hline Stockholders' equity & 8,486 & 66.5 & % \\ \hline Total liabilities and Stockholders' Equity & $12,922 & 100 & \% \\ \hline \end{tabular}

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

CA FOUNDATION FINANCIAL ACCOUNTING BY NSHAH MODULE I

Authors: Sanjay Nanak Chand Thadhani

1st Edition

172887419X, 978-1728874197

More Books

Students also viewed these Accounting questions

Question

4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago