Comparative Balance Sheets May 31 (S 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 (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%.) NIKE, INC. Condensed Balance Sheet (S in millions) Increase Percen 2020 2019 (Decrease) Change fr Assets Current $10,179 $8,700 2$ assets Property, plant & 1,890 1,800 equipment (net) Other assets 1,404 1,800 Total Assets $13,473 $12,300 Liabilities and Stockholders' Equity Current $3,566 liahilitie as

Comparative Balance Sheets May 31 (S 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 (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%.) NIKE, INC. Condensed Balance Sheet (S in millions) Increase Percen 2020 2019 (Decrease) Change fr Assets Current $10,179 $8,700 2$ assets Property, plant & 1,890 1,800 equipment (net) Other assets 1,404 1,800 Total Assets $13,473 $12,300 Liabilities and Stockholders' Equity Current $3,566 liahilitie as

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 103.2C

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