Question

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

Answer 1

Percent Vertical Common size balance sheet ratio = Balance Sheet Items / Total Assets LARKSPUR, INC Condenced Balance Sheet May 31, 2020 ($ in Millions) Computation Assets Current Assets $9,860 [$ 9860/$ 13280] Property, Plant & Equipment (Net) $1,900 ($ 1900/$ 13280] Other Assets $1,520 $ 1520/$ 13280] Total assets $13,280 ($ 13280/$ 13280] Liabilities and Stockholders' Equity Current Liabilities $3,180 ($ 3180/$ 13280] Long Term Liabilities $1,210 $ 1210/$ 13280] Stockholders' Equity $8,890 [$ 8890/$ 13280] Total liabilities and stockholders' equity $13,280 ($ 13280/$ 13280] 74.2% 14.3% 11.5% 100.0% 23.9% 9.1% 67.0% 100.0%