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Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative Balance Sheets
NIKE, INC. Condensed Balance Sheet ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current a
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, c.9. 12.3
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Answer #1
Balance Sheet
2020 2019 Increase(Decrease) % Change
Assets
Current Assets 10692 8100 2592 32.00%
Property, plant 1938 1900 38 2.00%
Other Assets 1504 1600 -96 -6.00%
Total Assets 14134 11600 2534 21.84%
Liabilities and Equity
Current Liabilities 3564 3600 -36 -1.00%
Long term Liabilities 1358 1400 -42 -3.00%
Equity 9212 6600 2612 39.58%
Total Liabilities and Equity 14134 11600 2534 21.84%
Under vertical analysis, all numbers are expressed as a % of Total Assets
2020 Percent
Assets
Current Assets 10692 75.65%
Property, plant 1938 13.71%
Other Assets 1504 10.64%
Total Assets 14134 100.00%
Liabilities and Equity
Current Liabilities 3564 25.22%
Long term Liabilities 1358 9.61%
Equity 9212 65.18%
Total Liabilities and Equity 14134 100.00%
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