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E13.5 (LO 2), AP Hypothetical balance sheets of Nike, Inc. are presented here.
Nike, Inc. Comparative Balance Sheets May 31 (S in millions) 2022 $ 9,734 1,958 1,558 $13,250 2021 $ 8,839 1,891 1,713 $12,44
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Answer #1

ANSWER A

HORIZONTAL ANALYSIS

2022 2021 INCREASE/DECREASE INCREASE/DECREASE %
ASSETS
CURRENT ASSETS 9734 8839 895 10.13%
PROPERTY,PLANT&EQUIPMENT(NET) 1958 1891 67 3.54%
OTHER ASSETS 1558 1713 -155 9.05%
TOTAL 13250 12443 807 6.49%
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES 3277 3322 -45 1.36%
LONG TERM LIABILITIES 1280 1296 -16 1.24%
STOCKHOLDER'S EQUITY 8693 7825 868 11.09%
TOTAL 13250 12443 807 6.49%
FORMULA=CURRENT YEAR-BASE YEAR/BASE YEAR

ANSWER B

VERTICAL ANALYSIS OF NIKE FOR 2022

  
ASSETS $ %
CURRENT ASSETS 9734 73.46%
PROPERTY,PLANT&EQUIPMENT(NET) 1958 14.78%
OTHER ASSETS 1558 11.76%
TOTAL 13250 100%
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES 3277 24.73%
LONG TERM LIABILITIES 1280 9.66%
STOCKHOLDER'S EQUITY 8693 65.61%
TOTAL 13250 100%
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