Question: Complete a horizontal analysis using the balance sheet (BS) for the Nike, Inc. Find the amount and percent of increase or decrease for 2018 to
Complete a horizontal analysis using the balance sheet (BS) for the Nike, Inc. Find the amount and percent of increase or decrease for 2018 to 2019 and 2019 to 2020. Fill in the blanks on the table below.Amounts do not need the dollar sign ($), whole numbers only, no decimals. Percentages should be two decimal places and no percentage sign (%) is needed. Please use commas in thousands (example. 12,500)
| Increase/decrease 2019-2020 | Increase/decrease 2019-2020 | Increase/decrease 2018-2019 | Increase/decrease 2018-2019 | ||||
| in millions | 2020 | 2019 | 2018 | Amount | Percent | Amount | Percent |
| ASSETS | |||||||
| Current Assets | |||||||
| Cash and equivalents | 8,348 | 4,466 | 4,249 | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | fill in the blank 4 |
| Short-term investments | 439 | 197 | 996 | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
| Accounts receivable, net | 2,749 | 4,272 | 3,498 | fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
| Inventories | 7,367 | 5,622 | 5,261 | fill in the blank 13 | fill in the blank 14 | fill in the blank 15 | fill in the blank 16 |
| Prepaid expenses and other current assets | 1,653 | 1,968 | 1,130 | fill in the blank 17 | fill in the blank 18 | fill in the blank 19 | fill in the blank 20 |
| Total Current Assets | 20,556 | 16,525 | 15,134 | fill in the blank 21 | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 |
| Property, plant and equipment; net | 4,866 | 4,744 | 4,454 | fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | fill in the blank 28 |
| Operating lease right-of-use assets, net | 3,097 | 0 | 0 | fill in the blank 29 | n/a | fill in the blank 30 | n/a |
| Indentifiable intangible assets, net | 274 | 283 | 285 | fill in the blank 31 | fill in the blank 32 | fill in the blank 33 | fill in the blank 34 |
| Goodwill | 223 | 154 | 154 | fill in the blank 35 | fill in the blank 36 | fill in the blank 37 | fill in the blank 38 |
| Deferred income taxes and other assets | 2,326 | 2,011 | 2,509 | fill in the blank 39 | fill in the blank 40 | fill in the blank 41 | fill in the blank 42 |
| Total Assets | 31,342 | 23,717 | 22,536 | fill in the blank 43 | fill in the blank 44 | fill in the blank 45 | fill in the blank 46 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||
| Current Liabilities | |||||||
| Current portion of long-term debt | 3 | 6 | 6 | fill in the blank 47 | fill in the blank 48 | fill in the blank 49 | fill in the blank 50 |
| Notes payable | 248 | 9 | 336 | fill in the blank 51 | fill in the blank 52 | fill in the blank 53 | fill in the blank 54 |
| Accounts payable | 2,248 | 2,612 | 2,279 | fill in the blank 55 | fill in the blank 56 | fill in the blank 57 | fill in the blank 58 |
| Current portion of operating lease liabilities | 445 | 0 | 0 | fill in the blank 59 | n/a | fill in the blank 60 | n/a |
| Accrued liabilities | 5,184 | 5,010 | 3,269 | fill in the blank 61 | fill in the blank 62 | fill in the blank 63 | fill in the blank 64 |
| Income taxes payable | 156 | 229 | 150 | fill in the blank 65 | fill in the blank 66 | fill in the blank 67 | fill in the blank 68 |
| Total current liabilities | 8,284 | 7,866 | 6,040 | fill in the blank 69 | fill in the blank 70 | fill in the blank 71 | fill in the blank 72 |
| Long-term debt | 9,406 | 3,464 | 3,468 | fill in the blank 73 | fill in the blank 74 | fill in the blank 75 | fill in the blank 76 |
| Operating lease liabilities | 2,913 | 0 | 0 | fill in the blank 77 | n/a | fill in the blank 78 | n/a |
| Deffered income taxes and other liabilities | 2,684 | 3,347 | 3,216 | fill in the blank 79 | fill in the blank 80 | fill in the blank 81 | fill in the blank 82 |
| Commitments and contingencies | |||||||
| Redeemable preferred stock | |||||||
| Shareholder's equity | |||||||
| Common stock at stated value | |||||||
| Class A convertible-329 and 353 shares outstanding | |||||||
| Cass B-1,314 and 1,329 shares outstanding | 3 | 3 | 3 | fill in the blank 83 | fill in the blank 84 | fill in the blank 85 | fill in the blank 86 |
| Capital in excess of stated value | 8,299 | 7,163 | 6,384 | fill in the blank 87 | fill in the blank 88 | fill in the blank 89 | fill in the blank 90 |
| Accumulated other comprehensive (loss) income | -56 | 231 | -92 | fill in the blank 91 | fill in the blank 92 | fill in the blank 93 | fill in the blank 94 |
| Retained earnings | -191 | 1,643 | 3,517 | fill in the blank 95 | fill in the blank 96 | fill in the blank 97 | fill in the blank 98 |
| Total Shareholders' equity | 8,055 | 9,040 | 9,812 | fill in the blank 99 | fill in the blank 100 | fill in the blank 101 | fill in the blank 102 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 31,342 | 23,717 | 22,536 | fill in the blank 103 | fill in the blank 104 | fill in the blank 105 | fill in the blank 106 |
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