Week 10 Project Current Attempt in Progress Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance S

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Week 10 Project Current Attempt in Progress

Exercise 13-05

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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

2022

2021

Assets

Current Assets

$9,770

$8,770

Property, plant, and equipment (net)

1,820

1,800

Other assets

1,600

1,740

Total assets

$13,190

$12,310

Liabilities and Stockholders’ Equity

Current Liabilities

$3,262

$3,340

Long-term liabilities

1,274

1,380

Stockholders’ equity

8,654

7,590

Total liabilities and stockholders’ equity

$13,190

$12,310

(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%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

2022

2021

Increase (Decrease)

Percentage Change from 2021

Assets

   Current Assets

$9,770

$8,770

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Property, plant, and equipment (net)

1,820

1,800

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Other assets

1,600

1,740

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Total assets

$13,190

$12,310

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Liabilities and Stockholders’ Equity

   Current Liabilities

$3,262

$3,340

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Long-term liabilities

1,274

1,380

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Stockholders’ equity

8,654

7,590

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

   Total liabilities and stockholders’ equity

$13,190

$12,310

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

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

NIKE, INC. Condensed Balance Sheet choose the accounting period May 31, 2022 For the Year Ended May 31, 2022 For the Month Ended May 31, 2022

$ (in millions)

Percent

Assets

   Current Assets

$9,770

enter percentages rounded to 1 decimal place

%

   Property, plant, and equipment (net)

1,820

enter percentages rounded to 1 decimal place

%

   Other assets

1,600

enter percentages rounded to 1 decimal place

%

Total assets

$13,190

enter percentages rounded to 1 decimal place

%

Liabilities and Stockholders’ Equity

   Current Liabilities

$3,262

enter percentages rounded to 1 decimal place

%

   Long-term Liabilities

1,274

enter percentages rounded to 1 decimal place

%

   Stockholders’ equity

8,654

enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders’ equity

$13,190

enter percentages rounded to 1 decimal place

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