Question
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current
Suppose the comparative balance sheets of Nike, Inc. are presented here.
Nike, Inc. Condensed Balance Sheet May 31 ($ in millions) | ||||
2020 | 2019 | |||
Assets | ||||
Current Assets | $9,600 | $8,830 | ||
Property, plant, and equipment (net) | 2,000 | 1,900 | ||
Other assets | 1,500 | 1,700 | ||
Total assets | $13,100 | $12,430 | ||
Liabilities and Stockholders' Equity | ||||
Current Liabilities | $3,240 | $3,320 | ||
Long-term liabilities | 1,200 | 1,340 | ||
Stockholders equity | 8,660 | 7,770 | ||
Total liabilities and stockholders' equity | $13,100 | $12,430 |
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) | |||||||||
2020 | 2019 | Increase (Decrease) | Percentage Change from 2019 | ||||||
Assets | |||||||||
Current Assets | $9,600 | $8,830 | $ | % | |||||
Property, plant, and equipment (net) | 2,000 | 1,900 | % | ||||||
Other assets | 1,500 | 1,700 | % | ||||||
Total assets | $13,100 | $12,430 | $ | % | |||||
Liabilities and Stockholders' Equity | |||||||||
Current Liabilities | $3,240 | $3,320 | $ | % | |||||
Long-term liabilities | 1,200 | 1,340 | % | ||||||
Stockholders equity | 8,660 | 7,770 | % | ||||||
Total liabilities and stockholders' equity | $13,100 | $12,430 | $ | % |
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.
NIKE, INC. Condensed Balance Sheet For the Year Ended May 31, 2020For the Month Ended May 31, 2020May 31, 2020 | |||||
$ (in millions) | Percent | ||||
Assets | |||||
Current Assets | $9,600 | % | |||
Property, plant, and equipment (net) | 2,000 | % | |||
Other assets | 1,500 | % | |||
Total assets | $13,100 | % | |||
Liabilities and Stockholders' Equity | |||||
Current Liabilities | $3,240 | % | |||
Long-term Liabilities | 1,200 | % | |||
Stockholders equity | 8,660 | % | |||
Total liabilities and stockholders' equity | $13,100 | % |
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