Question

Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 $10.248 1,890 1,395 $13,533 $ 8,400 1,800 1,500 $11,700 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 $ 3,465 1,261 8.807 $13,533 $3,500 1,300 6.900 $11,700 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter am parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets 510,248 58,400 Property, plant & equipment (net) 1,890 1,800 Other assets 1,395 1,500 Total Assets $13,533 511,700 Liabilities and Stockholders' Equity Current liabilities 53,465 $3,500 Long-term abilities 1,261 1,300 Stockholders equity 8,807 6.900 Total liabilities and Stockholders' Equity $13,533 511,700

Answer 1

Condensed Balance Sheet
May 31
	2020	2019	Increase(decrease)	Percent change from 2019
Assets
Current Assets	10248	8400	1848	22.0%
Property, plant, and equipment (net)	1890	1800	90	5.0%
Other assets	1395	1500	-105	-7.0%
Total assets	13533	11700	1833	15.7%
Liabilities and Stockholders' Equity
Current Liabilities	3465	3500	-35	-1.0%
Long-term liabilities	1261	1300	-39	-3.0%
Stockholders’ equity	8807	6900	1907	27.6%
Total liabilities and stockholders' equity	13533	11700	1833	15.7%
b
Condensed Balance Sheet
May 31,2020
	$ in millions	Percent
Assets
Current Assets	10248	75.7%
Property, plant, and equipment (net)	1890	14.0%
Other assets	1395	10.3%
Total assets	13533	100.0%
Liabilities and Stockholders' Equity
Current Liabilities	3465	25.6%
Long-term liabilities	1261	9.3%
Stockholders’ equity	8807	65.1%
Total liabilities and stockholders' equity	13533	100.0%