Question

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)

Answer 1

a.

NIKE INC. Condensed Balance Sheet May 31 $ (In millions)
	2020	2019	Increase (Decrease)	Percentage change from 2019
Assets
Current assets	$10,400	$8,000	$2,400	30%
Property.plant & equipment (net)	2,020	2,000	20	1%
Other assets	1,615	1,700	(85)	(5%)
Total assets	14,035	11,700	2,335	19.9%
Liabilities and stockholders' equity
Current liabilities	3,038	3,100	(62)	2%
Long term liabilities	1,287	1,300	(13)	1%
Stockholders' equity	9,710	7,300	2,410	33%
Total liabilities and stockholders' equity	14,035	11,700	2,335	19,.9%

b.

NIKE INC. Condensed Balance Sheet May 31
	$(In millions)	Percent
Assets
Current assets	$10,400	74.1%
Property.plant & equipment (net)	2,020	14.4%
Other assets	1,615	11.5%
Total assets	14,035	100%
Liabilities and stockholders' equity
Current liabilities	3,038	21.6%
Long term liabilities	1,287	9.2%
Stockholders' equity	9,710	69.2%
Total liabilities and stockholders' equity	14,035	100%