Question

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

Answer 1

Nike Inc.
Condensed Balance Sheet
For year ended May 31
	2020	2019	Increase (decrease)	Percent change from 2019
	(a)	(b)	(c)	[(b) / (c)] X 100
Assets :
Current Assets	$            10,413	$                           8,900	$                          1,513	17.0%
Property , Plant and Equipment	$              1,976	$                           1,900	$                                76	4.0%
Other Assets	$              1,584	$                           1,600	$                               -16	-1.0%
Total Assets	$            13,973	$                         12,400	$                          1,573	12.7%
Liabilities and stockholder's equity
Current Liabilities	$              3,528	$                           3,600	$                               -72	-2.0%
Long - term Liabilities	$              1,358	$                           1,400	$                               -42	-3.0%
Stockholder's Equity	$              9,087	$                           7,400	$                          1,687	22.8%
Total Liabilities and Stockholders Equity	$            13,973	$                         12,400	$                          1,573	12.7%
Nike Inc.
Condensed Balance Sheet
For year ended May 31, 2020
	2020	Percent
	(a)	[(a) / $13973] X 100
Assets :
Current Assets	$            10,413	74.5%
Property , Plant and Equipment	$              1,976	14.1%
Other Assets	$              1,584	11.3%
Total Assets	$            13,973	100.0%
Liabilities and stockholder's equity
Current Liabilities	$              3,528	25.2%
Long - term Liabilities	$              1,358	9.7%
Stockholder's Equity	$              9,087	65.0%
Total Liabilities and Stockholders Equity	$            13,973	100.0%