Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,600 $8,730 Property, plant, and equipment (net) 1,910 1,830 Other assets 1,470 1,620 Total assets $12,980 $12,180 Liabilities and Stockholders' Equity Current Liabilities $3,210 $3,370 Long-term liabilities 1,254 1,330 Stockholders’ equity 8,516 7,480 Total liabilities and stockholders' equity $12,980 $12,180 (a) 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. 12.5%.) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet choose the accounting period $ (in millions) Percent Assets Current Assets $9,600 enter percentages rounded to 1 decimal place % Property, plant, and equipment (net) 1,910 enter percentages rounded to 1 decimal place % Other assets 1,470 enter percentages rounded to 1 decimal place % Total assets $12,980 enter percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,210 enter percentages rounded to 1 decimal place % Long-term Liabilities 1,254 enter percentages rounded to 1 decimal place % Stockholders’ equity 8,516 enter percentages rounded to 1 decimal place % Total liabilities and stockholders' equity $12,980 enter percentages rounded to 1 decimal place

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 17P: Athenian Venues Inc. just reported the following selected portion of its financial statements for...

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Hypothetical balance sheets of Nike, Inc. are presented here.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
	2022	2021
Assets
Current Assets	$9,600	$8,730
Property, plant, and equipment (net)	1,910	1,830
Other assets	1,470	1,620
Total assets	$12,980	$12,180
Liabilities and Stockholders' Equity
Current Liabilities	$3,210	$3,370
Long-term liabilities	1,254	1,330
Stockholders’ equity	8,516	7,480
Total liabilities and stockholders' equity	$12,980	$12,180

(a) 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. 12.5%.)

Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC. Condensed Balance Sheet choose the accounting period
	$ (in millions)	Percent
Assets
Current Assets	$9,600	enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)	1,910	enter percentages rounded to 1 decimal place	%
Other assets	1,470	enter percentages rounded to 1 decimal place	%
Total assets	$12,980	enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities	$3,210	enter percentages rounded to 1 decimal place	%
Long-term Liabilities	1,254	enter percentages rounded to 1 decimal place	%
Stockholders’ equity	8,516	enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity	$12,980	enter percentages rounded to 1 decimal place

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