(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 Property, plant, and equipment (net) 2,050 Other assets 1,480 Total assets $13,080 Liabilities and Stockholders' Equity Current Liabilities $3,230 Long-term Liabilities 1,270 Stockholders' equity 8,580 Total liabilities and stockholders' equity $13,080 eTextbook and Media Save for Later to search F3 F4 F5 F6 F7 F8 F9 PrtSc F10 F11 F12 23 & 96 %24

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 Property, plant, and equipment (net) 2,050 Other assets 1,480 Total assets $13,080 Liabilities and Stockholders' Equity Current Liabilities $3,230 Long-term Liabilities 1,270 Stockholders' equity 8,580 Total liabilities and stockholders' equity $13,080 eTextbook and Media Save for Later to search F3 F4 F5 F6 F7 F8 F9 PrtSc F10 F11 F12 23 & 96 %24

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 3MC: Prince Corporations accounts provided the following information at December 31, 2019: What should be...

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Prince Corporations accounts provided the following information at December 31, 2019: What should be the current balance of retained earnings? a. 520,000 b. 580,000 c. 610,000 d. 670,000
Leverage Cook Corporation issued financial statements at December 31, 2019, that include the following information: Balance sheet at December 31,2019 Assets $8,000,000 Liabilities $1,200,000 Stockholders' equity (300,000 shares) $6,800,000 Income statement for 2019: Income from operations $1,200,000 Less: Interest expense (100,000) Income before taxes $1,100,000 Less: Income taxes expense (0,30) (330,000) Net income $ 770,000 The levels of assets, liabilities, stockholders' equity, and operating income have been stable in recent years; however, Cook Corporation is planning a 51,800,000 expansion program that will increase income from operations by $350,000 to $1,550,000, Cook is planning to sell 8.5% notes at par to finance the expansion. Required: What earnings per share does Cook report before the expansion?
Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC.Condensed Balance SheetMay 31($ in millions) 2022 2021 Assets Current Assets $9,580 $8,770 Property, plant, and equipment (net) 1,810 1,800 Other assets 1,540 1,670 Total assets $12,930 $12,240 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term liabilities 1,320 1,370 Stockholders’ equity 8,460 7,550 Total liabilities and stockholders' equity $12,930 $12,240 Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.1%.)
Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC.Condensed Balance SheetMay 31($ in millions) 2022 2021 Assets Current Assets $9,580 $8,770 Property, plant, and equipment (net) 1,810 1,800 Other assets 1,540 1,670 Total assets $12,930 $12,240 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term liabilities 1,320 1,370 Stockholders’ equity 8,460 7,550 Total liabilities and stockholders' equity $12,930 $12,240 Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.2%.)
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc.Comparative Balance SheetsMay 31($ in millions) 2020 2019 Assets Current assets $ 9,040 $ 8,000 Property, plant, and equipment (net) 2,100 2,000 Other assets 1,710 1,900 Total assets $ 12,850 $ 11,900 Liabilities and Stockholders’ Equity Current liabilities $ 3,069 $ 3,100 Long-term liabilities 1,209 1,300 Stockholders’ equity 8,572 7,500 Total liabilities and stockholders’ equity $ 12,850 $ 11,900 (a)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 amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
I NEED HELP SETTING UP AN VERTICAL & HORIZONTAL ANALYSIS BALANCE SHEET Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc.Comparative Balance SheetsMay 31($ in millions) 2020 2019 Assets Current assets $ 10,179 $ 8,700 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total assets $13,473 $12,300 Liabilities and Stockholders’ Equity Current liabilities $ 3,564 $ 3,600 Long-term liabilities 1,344 1,400 Stockholders’ equity 8,565 7,300 Total liabilities and stockholders’ equity $13,473 $12,300
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