Question

Part C. E13.5 (a) Prepare a HORIZONTAL kete the balance sheet data for Nike, using 2021 as a ase. amount and percentage are a decrease show the numbers as negative, e.g.-5,000,- 2095 or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) Nike Inc. Comparative Balance Sheet 31-May-22 ($ in millions) 2022 increase Decrease) Percentage Change 2021 8,839 9.734 $ Assets Current Assets Property, plant, and equipment (net) Other assets Total assets 1,958 1,558 13,250 1,891 1.713 12.443 $ $ $ 3,322 $ 3277 1.296 1280 8,693 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 7,825 12.443 $ 13,250 $

Answer 1

Current assets increase = Current assets 2022 - Current assets 2021

= 9,734 - 8,839

= $895

Current asset percentage change = 895/8,839

= 10.1%

Property, plant and equipment increase = Property, plant and equipment 2022 - Property, plant and equipment 2021

= 1,958 - 1,891

= $67

Property, plant and equipment percentage change = 67/1,891

= 3.5%

Other assets decrease = Other assets 2022 - Other assets 2021

= 1,558 - 1,713

= - $155

Other assets percentage change = -155/1,713

= - 9%

Total assets increase = Total assets 2022 - Total asset 2021

= 13,250 - 12,443

= $807

Total asset percentage change = 807/12,443

= 6.5%

Current liabilities decrease = Current liabilities 2022 - Current liabilities 2021

= 3,277 - 3,322

= - $45

Current liabilities percentage change = -45/3,322

= - 1.4%

Long term liabilities decrease = Long term liabilities 2022 - Long term liabilities 2021

= 1,280 - 1,296

= - $16

Long term liabilities percentage change = -16/1,296

= -1.2%

Stockholders equity increase = Stockholders equity 2022 - Stockholders equity 2021

= 8,693 - 7,825

= $868

Stockholders equity percentage change = 868/7,825

= 11%

Total liabilities and stockholders equity increase = 13,250 - 12,443

= 807

Percentage change = 807/12,443

= 6.5%

	Increase (Decrease)	Percentage change
Current assets	895	10.1%
Property, Plant and equipment	67	3.5%
Other assets	-155	-9%
Total assets	807	6.5%
Current liabilities	-45	-1.4%
Long term liabilities	-16	-1.2%
Stockholders equity	868	11%
Total liabilities and stockholders equity	807	6.5%

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