What's wrong with my answers in
long-term liabilities?
Homework Answers
Condensed balance sheet
May 31
| 2020 | 2019 | Increase (decrease) | Percentage change from 2019 | |
| Assets | ||||
| Current assets | 9880 | 8810 | 1070 | 12.1% |
| Property, plant and equipment (net) | 1940 | 1830 | 110 | 6.0% |
| Other assets | 1580 | 1700 | -120 | -7.1% |
| Total assets | 13400 | 12340 | 1060 | 8.6% |
| Liabilities and stockholder's equity | ||||
| Current liabilities | 3300 | 3300 | 0 | 0% |
| Long term liabilities | 1350 | 1290 | 60 | 4.7% |
| Stockholder's equity | 8750 | 7750 | 1000 | 12.9% |
| Total liabilities and stockholder's equity | 13400 | 12340 | 1060 | 8.6% |
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What's wrong with my answers in long-term liabilities? (a) Prepare a horizontal analysis of the balance...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders' equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 I MIUI15) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $ 1,070 12.1 % Property, plant, and equipment (net) 1,940...
Exercise 13-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin...
Exercise 13-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,730 $8,880 Property, plant, and equipment (net) 1,870 1,840 Other assets 1,470 1,780 Total assets $13,070 $12,500 Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,330 Long-term liabilities 1,330 1,370 Stockholders’ equity 8,580 7,800 Total liabilities and stockholders' equity $13,070 $12,500 (a) Prepare a horizontal analysis...
Part C. E13.5 (a) Prepare a HORIZONTAL kete the balance sheet data for Nike, using 2021...
Part C. E13.5 (a) Prepare a HORIZONTAL kete the balance sheet data for Nike, using 2021 as a ase. amount and percentage are a decrease show the numbers as negative, e.g.-5,000,- 2095 or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) Nike Inc. Comparative Balance Sheet 31-May-22 ($ 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 $...
* Exercise 13-05 a-b Suppose the comparative balance sheets of Larkspur, Inc. are presented here. LARKSPUR,...
* Exercise 13-05 a-b Suppose the comparative balance sheets of Larkspur, Inc. are presented here. LARKSPUR, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 $9,640 2,010 1,450 $13,100 $8,720 1,840 1,730 $12,290 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 $3,250 1,290 8,560 $13,100 $3,340 1,340 7,610 $12,290 (a) Prepare a horizontal analysis of the balance sheet data...
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If...
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) GLITTER INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets $106,000 $90,000 $ 16000 17.78 Plant assets (net) 400,000 350,000 50000 14.29 Total assets $506,000 $440,000 $ 66000 32.07 Liabilities Current Liabilities $...
I need help finishing the calculations for the percentage change from 2013 for (& change of...
I need help finishing the calculations for the percentage change
from 2013 for (& change of Property Plant Equipment, change in
% of total assets, and % change of total liabilities and
stockholders equity) Thanks
TEAL MOUNTAIN INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 Assets Current Assets $9,510 $8,770 Property, plant, and equipment (net) 1,960 1,800 Other assets 1,580 1,790 Total assets $13,050 $12,360 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,300 1,260 8,490 $3,400...
Exercise 13-3 Here is financial information for Marin Inc. Exercise 13-3 Here is financial information for...
Exercise 13-3
Here is financial information for Marin Inc.
Exercise 13-3 Here is financial information for Marin Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 December 31, 2016 $109,400 $ 94,200 404,200 353,400 103,200 68,400 125,400 94,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g....
*Exercise 13-5 Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS...
*Exercise 13-5 Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 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 $3,220 $3,330 Long-term liabilities 1,330 1,380 Stockholders' equity 8,600 7,570 Total liabilities and stockholders' equity $13,150 $12,280 (a) Prepare a horizontal analysis of the balance sheet data...
Exercise 13-5 Suppose the comparative balance sheets of Sage Hill Inc., are presented here. SAGE HILL...
Exercise 13-5 Suppose the comparative balance sheets of Sage Hill Inc., are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 $9,680 2,040 1,490 $13,210 $8,760 1,830 1,640 $12,230 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 $3,160 1,340 8,710 $3,310 1,370 7,550 $13,210 $12,230 (a) Prepare a horizontal analysis of the balance sheet data...
What is wrong with my answers in other assets and stockholder's equity percentage? (b) Prepare a...
What is wrong with my answers
in other assets and stockholder's equity percentage?
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. LARKSPUR, INC. Condensed Balance Sheet May 31, 2020 $ (in millions) Percent Assets Current Assets $9,860 Property, plant, and equipment (net) 1,900 14.3 Other assets 1,520 11.4 Total assets $13,280 100 Liabilities and Stockholders' Equity Current Liabilities $3,180 23.9 Long-term Liabilities 1,210 Stockholders' equity 8,890 Total liabilities and stockholders' equity $13,280 100
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders' equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 I MIUI15) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $ 1,070 12.1 % Property, plant, and equipment (net) 1,940...
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 $...
* Exercise 13-05 a-b Suppose the comparative balance sheets of Larkspur, Inc. are presented here. LARKSPUR, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 $9,640 2,010 1,450 $13,100 $8,720 1,840 1,730 $12,290 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 $3,250 1,290 8,560 $13,100 $3,340 1,340 7,610 $12,290 (a) Prepare a horizontal analysis of the balance sheet data...
Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) GLITTER INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current Assets $106,000 $90,000 $ 16000 17.78 Plant assets (net) 400,000 350,000 50000 14.29 Total assets $506,000 $440,000 $ 66000 32.07 Liabilities Current Liabilities $...
I need help finishing the calculations for the percentage change
from 2013 for (& change of Property Plant Equipment, change in
% of total assets, and % change of total liabilities and
stockholders equity) Thanks
TEAL MOUNTAIN INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 Assets Current Assets $9,510 $8,770 Property, plant, and equipment (net) 1,960 1,800 Other assets 1,580 1,790 Total assets $13,050 $12,360 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,300 1,260 8,490 $3,400...
Exercise 13-3
Here is financial information for Marin Inc.
Exercise 13-3 Here is financial information for Marin Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 December 31, 2016 $109,400 $ 94,200 404,200 353,400 103,200 68,400 125,400 94,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g....
*Exercise 13-5 Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 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 $3,220 $3,330 Long-term liabilities 1,330 1,380 Stockholders' equity 8,600 7,570 Total liabilities and stockholders' equity $13,150 $12,280 (a) Prepare a horizontal analysis of the balance sheet data...
Exercise 13-5 Suppose the comparative balance sheets of Sage Hill Inc., are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 $9,680 2,040 1,490 $13,210 $8,760 1,830 1,640 $12,230 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 $3,160 1,340 8,710 $3,310 1,370 7,550 $13,210 $12,230 (a) Prepare a horizontal analysis of the balance sheet data...
What is wrong with my answers
in other assets and stockholder's equity percentage?
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. LARKSPUR, INC. Condensed Balance Sheet May 31, 2020 $ (in millions) Percent Assets Current Assets $9,860 Property, plant, and equipment (net) 1,900 14.3 Other assets 1,520 11.4 Total assets $13,280 100 Liabilities and Stockholders' Equity Current Liabilities $3,180 23.9 Long-term Liabilities 1,210 Stockholders' equity 8,890 Total liabilities and stockholders' equity $13,280 100
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