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Suppose the comparative balance sheets of Sage Hill Inc.. are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019
Suppose the comparative balance sheets of Sage Hill Inc.. are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 Assets Current Assets $9,680 $8,760 Property, plant, and equipment (net) 2,040 1,830 Other assets 1,490 1,640 Total assets $13,210 $12,230 Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 Long-term liabilities 1,340 1,370 Stockholders' equity 8,710 7,550 Total liabilities and stockholders' equity $13,210 $12,230 (a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2018 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2013 Increase 2019 2018 (Decrease) Assets Current Assets $9,680 $8,760 % Property, plant, and equipment (net) 2,040 1,830 % Other assets 1,490 1,640 % Total assets $13,210 $12,230 % Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 % Long-term liabilities 1,340 1,370 Stockholders' equity 8,710 7,550 % Total liabilities and stockholders' equity $13,210 $12,230 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2019. SAGE HILL INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,680 Property, plant, and equipment (net) 2,040 % Other assets 1,490 % Total assets $13,210 % Liabilities and Stockholders' Equity Current Liabilities $3,160 % Long-term Liabilities 1,340 % Stockholders' equity 8,710 % Total liabilities and stockholders' equity $13,210 %
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