Complete a Vertical Analysis of the Balance Sheets for Nike, Inc. Percentages should have two digitals...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Complete a Vertical Analysis of the Balance Sheets for Nike, Inc. Percentages should have two digitals after the decimal and no percentage symbol (example: 00.00) (in millions) ASSETS 2018 Percent (2018) 2017 Percent (2017) 2016 Percent (2016) Current Assets Cash and equivalents 4,249 3,808 3,138 Short-term investments 996 2,371 2,319 Accounts receivable, net 3,498 3,677 3,241 Inventories 5,261 5,055 4,838 Prepaid expenses and other current assets 1,130 1,150 1,489 Total Current Assets 15,134 16,061 15,025 Property, plant and equipment; net 4,454 3,989 3,520 Identifiable intangible assets, net 285 283 281 Goodwill 154 139 131 Deferred income taxes and other assets 2,509 2,787 2,422 TOTAL ASSETS 22,536 23,259 21,379 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable 6 336 2,279 6 44 325 1 3,269 2,048 3,011 2,191 3,037 150 84 85 Total current liabilities 6,040 5,474 5,358 Long-term debt 3,468 3,471 1,993 Deferred income taxes and other liabilities 3,216 1,907 1,770 Commitments and contingencies Redeemable preferred stock Shareholders' equity Common stock at stated value Class A convertible - 329 and 353 shares outstanding Class B 1,314 and 1,329 shares outstanding 3 3 3 Capital in excess of stated value 6,384 5,710 7,786 Accumulated other comprehensive (loss) income (92) (213) 318 Retained earnings 3,517 6,907 4,151 Total shareholders' equity 9,812 12,407 12,258 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 22,536 23,259 21,379 Complete a Vertical Analysis of the Balance Sheets for Nike, Inc. Percentages should have two digitals after the decimal and no percentage symbol (example: 00.00) (in millions) ASSETS 2018 Percent (2018) 2017 Percent (2017) 2016 Percent (2016) Current Assets Cash and equivalents 4,249 3,808 3,138 Short-term investments 996 2,371 2,319 Accounts receivable, net 3,498 3,677 3,241 Inventories 5,261 5,055 4,838 Prepaid expenses and other current assets 1,130 1,150 1,489 Total Current Assets 15,134 16,061 15,025 Property, plant and equipment; net 4,454 3,989 3,520 Identifiable intangible assets, net 285 283 281 Goodwill 154 139 131 Deferred income taxes and other assets 2,509 2,787 2,422 TOTAL ASSETS 22,536 23,259 21,379 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable 6 336 2,279 6 44 325 1 3,269 2,048 3,011 2,191 3,037 150 84 85 Total current liabilities 6,040 5,474 5,358 Long-term debt 3,468 3,471 1,993 Deferred income taxes and other liabilities 3,216 1,907 1,770 Commitments and contingencies Redeemable preferred stock Shareholders' equity Common stock at stated value Class A convertible - 329 and 353 shares outstanding Class B 1,314 and 1,329 shares outstanding 3 3 3 Capital in excess of stated value 6,384 5,710 7,786 Accumulated other comprehensive (loss) income (92) (213) 318 Retained earnings 3,517 6,907 4,151 Total shareholders' equity 9,812 12,407 12,258 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 22,536 23,259 21,379
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Over the last few years, we have started to see some retailers open earlier and earlier on Thanksgiving Day. Others have taken a different approach and decide to remain closed. Is it a good strategy...
-
What is a statement of cash flows?
-
Let S2 : {x R : x > 0}. Does S2 have lower bounds? Does S2 have upper bounds? Does inf S2 exist? Does sup S2 exist? Prove your statements.
-
The following information is taken from the annual report of the Walgreens Boots Alliance, Inc..: Walgreens uses LIFO to value its inventory. Restate the companys financial results for 2015 assuming...
-
EasyWriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. Management recently finished analyzing the results of the companys operations for the current month. At a break-even...
-
For following situation, state whether you agree or disagree with the financial reporting practice employed, and what principle/assumption was followed or violated. Flexsteel Industries manufactures...
-
Each year, a campus society of 15 students is formed, composed of three groups: 4 Architecture students, 5 Botany students, and 6 Composition students. Each year, independently, a committee of 3...
-
List and briefly explain the different purchase options available to anyone who wants to consider buying a business.
-
What is the significance of financial statements, and who would benefit from them?
-
What are the major models of forecasting, and how different are they from each other?
-
Briefly describe the Net Present Value, and the Internal Rate of Return methods to evaluate investment project, and explain the major difference between them.
-
Briefly explain why a succession plan is necessary.
-
How much interest would be paid on a five-year adjustable mortgage that is interest only. The principal amount is 300,000. The teaser rate is 1.5 percent. The index for the rate adjustments are as...
-
What is the order p of a B + -tree? Describe the structure of both internal and leaf nodes of a B + -tree.
-
When a market consists of a single buyer, we say _________ exists.
-
If labor productivity falls, then the demand curve for labor will shift to the _________.
-
If new workers enter the labor force, the labor supply curve will shift to the _________.
Study smarter with the SolutionInn App