Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Instructions a. Prepare a horizontal analysis
Question:
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.
Instructions
a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.)
b. Prepare a vertical analysis of the balance sheet data for Nike for 2022. Prepare horizontal and vertical analyses.
Transcribed Image Text:
Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets $ 9,734 $ 8,839 1,891 Current assets Property, plant, and equipment (net) 1,958 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $13,250 $12,443 1,280 1,296 8,693 7,825
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
a b Assets NIKE INC Condensed Balance Sheet May 31 i...View the full answer
Answered By
Pranav Makode
I am a bachelor students studying at professor ram meghe institute of technology and research. I have a great experience of being an expert. I have worked as an expert at helloexperts and solvelancer as a part time job. I have also worked as a doubt solver at ICAD SCHOOL OF LEARNING, which is in Amravati city. I have also worked as an Freelancer.
I have great experience of helping students, as described above. I can help any students in a most simple and understandable way. I will not give you have any chance for complaint. You will be greatfull to accept me as an expert.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Prepare a horizontal analysis of the following comparative income statement of Mariner Designs. Why did net income increase by a higher percentage than net sales revenue during2014? Mariner Designs...
-
Prepare a horizontal analysis of the following comparative income statement of Enchanted Designs. Why did net income increase by a higher percentage than net sales revenue during2014? Enchanted...
-
Prepare a horizontal analysis of the following comparative income statement of R. Hanson, Inc. Round percentage changes to the nearest tenth of a percent. Requirement Why did net income increase by a...
-
Selected accounts of Holly Company are shown as follows. Instructions After analyzing the accounts, journalize (a) The July transactions (b) The adjusting entries that were made on July 31. Supplies...
-
Find the response for the first four sampling instants for Then find y(Q),y(l), y(2), and y(3). 221 Y) 152 +0.52
-
Northern Communications has the following stockholders equity: Requirements 1. First, determine whether preferred stock is cumulative or noncumulative. 2. Compute the amount of dividends to preferred...
-
Horst Company is a chemical manufacturer that supplies industrial users. The company plans to introduce a new solution and needs to develop a standard product cost for this new solution. The new...
-
(a) What are Harry and Belindas major sources of risk from home and automobile ownership, and what is the potential magnitude of loss from each? (b) Given the choices listed in Step 3 of the...
-
Two marbles are drawn without replacement from a box with 4 blue, 3 white, and 2 red marbles. Find the probability of selecting a blue and a red marble in order. 0.111 0.486 0.591 0.227 00347
-
Case Background Live Nation Entertainment ("Live Nation") is a publicly traded company headquartered in Beverly Hills, California. Live Nation has retained alliantgroup to identify an Employee...
-
Net income was $500,000 in 2020, $485,000 in 2021, and $518,400 in 2022. What is the percentage of change (a) From 2020 to 2021 (b) From 2021 to 2022? Is the change an increase or a decrease?...
-
Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. Calculate percentage of change. December 31, 2022 December 31, 2021 Accounts receivable $ 460,000 $...
-
The manufacturing company for which you currently serve as plant controller is contemplating moving from a conventional manufacturing layout to a just-in-time (JIT) system. The overall strategy is to...
-
What role does topology optimization play in modern structural engineering, and what are its limitations ?
-
Define motivation and discuss the major theories of motivation, and the limitations of each theory. Which motivation theory or theories make(s) the most sense to you and why? Application: What...
-
There's no denying that we now live in a politically polarized society. And as our population ages, the transfer of power from the more conservative baby boomers to more liberal younger cohorts like...
-
How does the integration of advanced computational methods, like finite element analysis, impact the safety and efficiency of large-scale structural design ?
-
what are your thoughts on the answers below about Effective listeners After selecting "Dating Violence" in the difficult tab of the general listening quiz section, I scored a 5/5. I found it quite...
-
In Exercises 1 and 2, determine which (if any) of the logarithmic expressions are equal. Justify your answer. 1. log2 32 / log2 4, log2 32 / 4, log2 32 - log2 4 2. log7 70, log7 35, 1 / 2 + log7 10
-
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
-
The February 13, 2010, issue of the Wall Street Journal includes an article by Scott Thurm entitled For Some Firms, a Case of Quadrophobia. Instructions Read the article and answer the following. (a)...
-
Laser Recording Systems, founded in 1981, produces disks for use in the home market. The following is an excerpt from Laser Recording Systems financial statements (all dollars in thousands). LASER...
-
Purpose: To learn about the functions of the Securities and Exchange Commission (SEC). Instructions Use the information in this site to answer the following questions. (a) What event spurred the...
-
Consider an economy with the following aggregate production function: Y = a [xK + (1 x)MP] (1/p) +bP - where K is capital, M is mental labor and P is physical labor. Assume that (i) a, b > 0, (ii) x...
-
the dollar amounts click the arrow next to amounts in th answer the following: How much are total sales revenues? How much are total direct material costs? How much are total direct labor costs? How...
-
Struggling with the last section for FVTOCI implications Advanced Accounting Her Company purchased 26,000 common shares (20%) of Him Inc. on January 1, Year 4, for $442 000. Additional information on...
Study smarter with the SolutionInn App