Question: Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)



Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45\% or parentheses e.g. (45), (45\%). Round percentages to 1 decimal place, e.g. 12.3\%.) NIKE, INC. Condensed Balance Sheet (\$ in millions) 20202019Increase(Decrease)PercentageChangefrom2019 Assets \begin{tabular}{lrrr} Current assets & $9,243 & $7,900 & $ \\ Property,plant&equipment(net) & 1,962 & 1,800 & \\ Other assets & 1,463 & 1,900 & \\ Total Assets & $12,668 & $11,600 & \\ \hline \end{tabular} % Liabilities and Stockholders' Equity Current liabilities $3,465$3,500 % Long-term liabilities 1,1641,200 % % % NIKE, INC. Condensed Balance Sheet Assets Current assets $9,243 % Property, plant, and equipment (net) 1,962 % Other assets % Total Assets $12,668 Liabilities and Stockholders' Equity Current liabilities $3,465 % Long-term liabilities 1,164 % Stockholders' equity 8,039 % Total liabilities and Stockholders' $12,668 % Equity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
