in the given table,
PP&E is provided which is a long term asset. I assumed that PP&E is included in long term assets .
Therefore total assets [ NIKE] = current assets + Long term assets = 15,976 + 5,624 = $ 21,600.
Note: If you did not included PP&E balance in long term assets , then total assets is = 15,976 + 3,011 +5,624 = $24,611
Same logic applies for Tesla also.
Now
Current assets as percentage = current assets / total assets x 100 = 15,976 /21,600 x 100 = 73.96% or 74%
PP&E as a percenrage[assuming included in long termassets] = PP&E / total assets x 100 = 3,011/21,600 x 100 = 13.94% or 14%.
If not included in long term assets balance = 3,011/24,611 x 100 = 12.23%.
The above calculations are based on the information provided in the table..
How to calculate pp&E as percentage? Current Current assets as a Nike, percentage assets as a...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders' equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 I MIUI15) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $ 1,070 12.1 % Property, plant, and equipment (net) 1,940...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ 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 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 Total liabilities and stockholders’ equity $13,257 $11,600 (a) Prepare a horizontal analysis of the balance sheet data...
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
2020
2019
Assets
Current assets
$ 9,180
$ 9,000
Property, plant, and equipment (net)
1,785
1,700
Other assets
1,656
1,800
Total assets
$12,621
$12,500
Liabilities and Stockholders’ Equity
Current liabilities
$ 3,366
$ 3,400
Long-term liabilities
1,222
1,300
Stockholders’ equity
8,033
7,800
Total liabilities and stockholders’ equity
$12,621
$12,500
(a)
Prepare a horizontal analysis of the balance sheet data...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 Assets Current assets $10.692 $ 8.100 Property, plant, and equipment (net) 1.935 Other assets 1.504 1.600 Total assets $11,600 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $3,600 Long-term abilities 1,358 1.400 Stockholders' equity 9.212 6.600 Total liabilities and stockholders' equity $14,134 $11.600 1.90 $14,134 (0) Prepare a horizontal analysis of the balance sheet data...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 10,400 2,020 $ 8,000 2,000 1,700 $11,700 1,615 $14,035 Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity $ 3,038 $ 3,100 1,287 9,710 1,300 7,300 $11,700 Total liabilities and stockholders' equity $14,035 (a) (a) Prepare a horizontal analysis of the...
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...
What is wrong with my answers
in other assets and stockholder's equity percentage?
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. LARKSPUR, INC. Condensed Balance Sheet May 31, 2020 $ (in millions) Percent Assets Current Assets $9,860 Property, plant, and equipment (net) 1,900 14.3 Other assets 1,520 11.4 Total assets $13,280 100 Liabilities and Stockholders' Equity Current Liabilities $3,180 23.9 Long-term Liabilities 1,210 Stockholders' equity 8,890 Total liabilities and stockholders' equity $13,280 100
Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 $10.248 1,890 1,395 $13,533 $ 8,400 1,800 1,500 $11,700 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 $ 3,465 1,261 8.807 $13,533 $3,500 1,300 6.900 $11,700 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease...