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Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $9,840 $8.200 Property, plant, and equipment (net) 1,802 1.700 Other assets 1,615 1.700 $13,257 $11.600 $3,366 $3,400 Total assets Llabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,344 1.400 8.547 6.800 $13,257 $11.600 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number eg. -45, -45% or parentheses eg. (45).(45%). Round percentages to 1 decimal place, eg. 12.3%) NIKE, INC. Condensed Balance Sheet ($ in millions) 2020 Increase (Decrease) Percentage Change from 2019 2019 Assets Current assets $9.840 $8.200 $ % Property, plant & equipment (net) 1.802 1.700 % Other assets 1615 1.700 % Total Assets $13.257 $11,600 $ % Liabilities and Stockholders' Equity Current liabilities $3.366 $3,400 $ % Long-term liabilities 1.344 1,400 % Stockholders' equity 8.547 6.800 %6 Total liabilities and Stockholders' Equity $13,257 $11,600 $ % Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, eg. 12.3%) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $9,840 % Property, plant, and equipment (net) 1.802 % 96 Other assets 1,615 % Total Assets $13,257 96 % Liabilities and Stockholders' Equity Current liabilities $3,366 % %6 Long-term liabilities 1,344 Stockholders' equity 8.547 % Total liabilities and Stockholders Equity $13,257 %
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