Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

table [ [ table [ [ NIKE , INC ] , [ Condensed Balance sheet ] , [ May 3 1 ] ,

image text in transcribed
\table[[\table[[NIKE, INC],[Condensed Balance sheet],[May 31],[( $ in millions)]]],[,2022,2021],[Assets],[Current Assets,$9,569,$9,650],[Property, plant, and equipment (net),1,950,1,994],[Other assets,1,482,1,647],[Total assets,$13,000,$12,181],[Liabilities and Stockholders' Equity],[Current Liabilties,$3,198,$3,240],[Lang-term liabilties,1,274,1,291],[Stockholders' equily,8,529,7,650],[Total liabilities and stockholders' equity,$13,000,$12,181]]
(a) Prepare a horizontal analysis of the balance shest data for Nike, using 2021 as a base. (lff omount and percentage are a decrease show (a) Prepars a horizonta ana yais of the ba ancs shest data for Nike, using 2021 as a base. (if amount and percen tage the numbers es negative, eg,-55,000,-20% or (55,000),(20%). Round percentages to 1 decimal place, eg.12.1%)
NIKE, INC
\table[[\table[[NIKE, INC],[Condensed Balance sheet],[May 31],[( $ in millions)]]],[,2022,2021,\table[[Increase],[(Decrease)]],\table[[Percentage],[Change],[from 2021]],],[Assets],[Current Assets,$9,568,$8,650,$,,96],[\table[[Property, plant, and],[equipment (net)]],1,950,1,884,,,9],[Other assets,1,492,1,647,,,96],[Total assets,$13,000,$12,181,$,,96],[\table[[Liabilities and],[Stockholders' Equity]]],[Current Liabilities,$3,198,$3,240,$,,96],[Long-term liabilities,1,274,1,291,,,96],[Stockhalders' equity,8,528,7,650,,,96],[\table[[Total liabties and],[stockholders' equity]],$13,000,$12,181,,,96]]
image text in transcribed

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

Accounting Principles Part 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

6th Canadian edition Volume 1

1118306791, 978-1118306796

More Books

Students also viewed these Accounting questions

Question

11.3 What is the definition of present value?

Answered: 1 week ago

Question

What is the formula used for computing BIC?

Answered: 1 week ago