Homework Answers
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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E13.5 (LO 2), AP Hypothetical balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative...
Part C. E13.5 (a) Prepare a HORIZONTAL kete the balance sheet data for Nike, using 2021...
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 $...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413 1,976 1,584 $13,973 $ 8,900 1,900 1,600 $12,400 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,528 1,358 $ 3,600 1,400 9,087 7,400 $13,973 $12,400 (a) Prepare a horizontal analysis of the balance sheet data for...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $ 9,840 $ 8,200 Property, plant, and equipment (net) 1,802 1,700 Other assets 1,615 1,700 Total assets $13,257 $11,600 Liabilities and Stockholders’ Equity Current liabilities $ 3,366 $ 3,400 Long-term liabilities 1,344 1,400 Stockholders’ equity 8,547 6,800 Total liabilities and stockholders’ equity $13,257 $11,600 (a) Prepare a horizontal analysis of the balance sheet data...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ 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 $14,035 (a) (a) Prepare a horizontal analysis of the...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 3...
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
2020
2019
Assets
Current assets
$ 9,180
$ 9,000
Property, plant, and equipment (net)
1,785
1,700
Other assets
1,656
1,800
Total assets
$12,621
$12,500
Liabilities and Stockholders’ Equity
Current liabilities
$ 3,366
$ 3,400
Long-term liabilities
1,222
1,300
Stockholders’ equity
8,033
7,800
Total liabilities and stockholders’ equity
$12,621
$12,500
(a)
Prepare a horizontal analysis of the balance sheet data...
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31...
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,710 $8,720 Property, plant, and equipment (net) 1,940 1,870 Other assets 1,500 1,690 Total assets $13,150 $12,280 Liabilities and Stockholders' Equity Current Liabilities $3,253 $3,330 Long-term liabilities 1,270 1,380 Stockholders’ equity 8,627 7,570 Total liabilities and stockholders' equity $13,150 $12,280 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 Assets Current assets $10.692 $ 8.100 Property, plant, and equipment (net) 1.935 Other assets 1.504 1.600 Total assets $11,600 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $3,600 Long-term abilities 1,358 1.400 Stockholders' equity 9.212 6.600 Total liabilities and stockholders' equity $14,134 $11.600 1.90 $14,134 (0) Prepare a horizontal analysis of the balance sheet data...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,682 $9,400 1,700 1,600 $13,375 $12,700 2,125 1,568 $ 3,038 3,100 1,300 8,300 $13,375 $12,700 1,248 9,089 Prepare a horizontal analysis of the balance sheet data for Nike,...
Part C. E13.5 (a) Prepare a HORIZONTAL kete the balance sheet data for Nike, using 2021 as a ase. amount and percentage are a decrease show the numbers as negative, e.g.-5,000,- 2095 or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) Nike Inc. Comparative Balance Sheet 31-May-22 ($ 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 $...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413 1,976 1,584 $13,973 $ 8,900 1,900 1,600 $12,400 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,528 1,358 $ 3,600 1,400 9,087 7,400 $13,973 $12,400 (a) Prepare a horizontal analysis of the balance sheet data for...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ 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 $14,035 (a) (a) Prepare a horizontal analysis of the...
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
2020
2019
Assets
Current assets
$ 9,180
$ 9,000
Property, plant, and equipment (net)
1,785
1,700
Other assets
1,656
1,800
Total assets
$12,621
$12,500
Liabilities and Stockholders’ Equity
Current liabilities
$ 3,366
$ 3,400
Long-term liabilities
1,222
1,300
Stockholders’ equity
8,033
7,800
Total liabilities and stockholders’ equity
$12,621
$12,500
(a)
Prepare a horizontal analysis of the balance sheet data...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 Assets Current assets $10.692 $ 8.100 Property, plant, and equipment (net) 1.935 Other assets 1.504 1.600 Total assets $11,600 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $3,600 Long-term abilities 1,358 1.400 Stockholders' equity 9.212 6.600 Total liabilities and stockholders' equity $14,134 $11.600 1.90 $14,134 (0) Prepare a horizontal analysis of the balance sheet data...
Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,682 $9,400 1,700 1,600 $13,375 $12,700 2,125 1,568 $ 3,038 3,100 1,300 8,300 $13,375 $12,700 1,248 9,089 Prepare a horizontal analysis of the balance sheet data for Nike,...
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