(a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2019 as a base. (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%.) SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current Assets $9,680 $8,760 $enter a dollar amount enter percentages rounded to 1 decimal place % Property, plant, and equipment (net) 2,040 1,830 enter a dollar amount enter percentages rounded to 1 decimal place % Other assets 1,490 1,640 enter a dollar amount enter percentages rounded to 1 decimal place % Total assets $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 $enter a dollar amount enter percentages rounded to 1 decimal place % Long-term liabilities 1,340 1,370 enter a dollar amount enter percentages rounded to 1 decimal place % Stockholders’ equity 8,710 7,550 enter a dollar amount enter percentages rounded to 1 decimal place % Total liabilities and stockholders' equity $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.
(a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current Assets $9,680 $8,760 $enter a dollar amount enter percentages rounded to 1 decimal place % Property, plant, and equipment (net) 2,040 1,830 enter a dollar amount enter percentages rounded to 1 decimal place % Other assets 1,490 1,640 enter a dollar amount enter percentages rounded to 1 decimal place % Total assets $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 $enter a dollar amount enter percentages rounded to 1 decimal place % Long-term liabilities 1,340 1,370 enter a dollar amount enter percentages rounded to 1 decimal place % Stockholders’ equity 8,710 7,550 enter a dollar amount enter percentages rounded to 1 decimal place % Total liabilities and stockholders' equity $13,210 $12,230 $enter a total amount enter percentages rounded to 1 decimal place % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 103.4C
Related questions
Question
Suppose the comparative balance sheets of Sage Hill Inc.. are presented here.
|
SAGE HILL INC.
Condensed May 31 ($ in millions) |
||||
|---|---|---|---|---|
|
2020
|
2019
|
|||
|
Assets
|
||||
|
Current Assets
|
$9,680
|
$8,760
|
||
|
Property, plant, and equipment (net)
|
2,040
|
1,830
|
||
|
Other assets
|
1,490
|
1,640
|
||
|
Total assets
|
$13,210
|
$12,230
|
||
|
Liabilities and
|
||||
|
Current Liabilities
|
$3,160
|
$3,310
|
||
|
Long-term liabilities
|
1,340
|
1,370
|
||
|
Stockholders’ equity
|
8,710
|
7,550
|
||
|
Total liabilities and stockholders' equity
|
$13,210
|
$12,230
|
(a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
|
SAGE HILL INC.
Condensed Balance Sheet May 31 ($ in millions) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
2020
|
2019
|
Increase
(Decrease) |
Percentage
Change from 2019 |
||||||
|
Assets
|
|||||||||
|
Current Assets
|
$9,680
|
$8,760
|
$enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Property, plant, and equipment (net)
|
2,040
|
1,830
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Other assets
|
1,490
|
1,640
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Total assets
|
$13,210
|
$12,230
|
$enter a total amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Liabilities and Stockholders' Equity
|
|||||||||
|
Current Liabilities
|
$3,160
|
$3,310
|
$enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Long-term liabilities
|
1,340
|
1,370
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Stockholders’ equity
|
8,710
|
7,550
|
enter a dollar amount
|
enter percentages rounded to 1 decimal place
|
%
|
||||
|
Total liabilities and stockholders' equity
|
$13,210
|
$12,230
|
$enter a total amount
|
enter percentages rounded to 1 decimal place
|
%
|
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.
|
SAGE HILL INC.
Condensed Balance Sheet choose the accounting period |
|---|
|
|
|||||
|---|---|---|---|---|---|
|
$ (in millions)
|
Percent
|
||||
|
Assets
|
|||||
|
Current Assets
|
$9,680
|
enter percentages
|
%
|
||
|
Property, plant, and equipment (net)
|
2,040
|
enter percentages
|
%
|
||
|
Other assets
|
1,490
|
enter percentages
|
%
|
||
|
Total assets
|
$13,210
|
enter percentages
|
%
|
||
|
Liabilities and Stockholders' Equity
|
|||||
|
Current Liabilities
|
$3,160
|
enter percentages
|
%
|
||
|
Long-term Liabilities
|
1,340
|
enter percentages
|
%
|
||
|
Stockholders’ equity
|
8,710
|
enter percentages
|
%
|
||
|
Total liabilities and stockholders' equity
|
$13,210
|
enter percentages
|
%
|
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