Question
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 | $ 10,492 | $ 8,600 | ||
Property, plant, and equipment (net) | 1,819 | 1,700 | ||
Other assets | 1,504 | 1,600 | ||
Total assets | $13,815 | $11,900 | ||
Liabilities and Stockholders Equity | ||||
Current liabilities | $ 3,366 | $ 3,400 | ||
Long-term liabilities | 1,386 | 1,400 | ||
Stockholders equity | 9,063 | 7,100 | ||
Total liabilities and stockholders equity | $13,815 | $11,900 |
(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 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%.)
Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.)
NIKE, INC. Condensed Balance Sheet choose the accounting period For the Year Ended May 31, 2020For the Quarter Ended May 31, 2020May 31, 2020 | |||||
---|---|---|---|---|---|
$ (in millions) | Percent | ||||
Assets | |||||
Current assets | $10,492 | enter a percentage number rounded to 1 decimal place % | |||
Property, plant, and equipment (net) | 1,819 | enter a percentage number rounded to 1 decimal place % | |||
Other assets | 1,504 | enter a percentage number rounded to 1 decimal place % | |||
Total Assets | $13,815 | enter total percentages rounded to 1 decimal place % | |||
Liabilities and Stockholders' Equity | |||||
Current liabilities | $3,366 | enter a percentage number rounded to 1 decimal place % | |||
Long-term liabilities | 1,386 | enter a percentage number rounded to 1 decimal place % | |||
Stockholders' equity | 9,063 | enter a percentage number rounded to 1 decimal place % | |||
Total liabilities and Stockholders' Equity | $13,815 | enter total percentages rounded to 1 decimal place % |
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