Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413

image text in transcribed
image text in transcribed
image text in transcribed
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413 1,976 1,584 $13,973 $ 8,900 1,900 1,600 $12,400 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 $3,528 1,358 $ 3,600 1,400 9,087 7,400 $13,973 $12,400 (a) 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 mwons. 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%) NIKE, INC. Condensed Balance Sheet May 31 (sin millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets IN HINTER VERSION OR NEXT NIKE, INC. Condensed Balance Sheet May 31 (s in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets by Study Qurrent assets $10,413 $8,900 Property, plant & equipment (net) 1,976 1.900 Other assets 1,584 1,600 Total Assets $13,973 $12,400 Liabilities and Stockholders' Equity Current libilities $3,528 $3,600 Long-term liabilities 1,358 1,400 9,087 7,400 Stockholders' equity $13,973 $12,400 Total liabilities and Stockholders' Equity .) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to I decimal place, .. 12 NIKE, INC Condensed Balance Sheet May 31, 2020 CALCULATOR PRINTER VERSION ACKNER IT RESOURCES Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.34.) 14-5 14.10 NIKE, INC Condensed Balance Sheet May 31, 2020 $(in millions) Percent core Assets Results by Study Currents $10,413 Property, plant, and equipment (het) Other assets $13,973 Total Assets Liabilities and Stockholders' Equity $3,528 Current abilities 1.358 Long-term a s 2,087 Stockholders equity $1973 Total abies and Stockholders' Equity Open Show Work Click you would like to show Work for this question LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

13th edition

978-1119411482

Students also viewed these Accounting questions