Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed...
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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9.800 $8,760 Property, plant, and equipnent (net) 1,970 1,800 Other assets 1,550 1,770 Tutal assets $13,320 $12,330 Liabilities and Stockholders' Equity Current Liabities $3.230 $3,320 Long-term liabilties 1,310 1,350 Stockhoiders' equity 8,780 7,660 Total liabilities and stockholders' equity $13,320 $12,330 Prepars a horizontalanslysis of the balanca sheet data for Niks, using 2021 as a basa. (if amount and percentage are a decrease show the numbers as negative, eg 55,000, -20% or (55,000L (20%). Round percentages to 1 decimal place, eg. 12.2%) NIKE, INC Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2021 Assets Current Assets $9,800 $8,760 Property, plant, and equipment (net) 1,970 1,800 Other assets 1,550 1,770 Total assets $13,320 $12,330 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 Lang-term iabilties 1,310 1,350 Stockholders equity 8,780 7,660 Total liabilities and $13,320 $12,330 stockholders' equity %24 %24 %24 Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9.800 $8,760 Property, plant, and equipnent (net) 1,970 1,800 Other assets 1,550 1,770 Tutal assets $13,320 $12,330 Liabilities and Stockholders' Equity Current Liabities $3.230 $3,320 Long-term liabilties 1,310 1,350 Stockhoiders' equity 8,780 7,660 Total liabilities and stockholders' equity $13,320 $12,330 Prepars a horizontalanslysis of the balanca sheet data for Niks, using 2021 as a basa. (if amount and percentage are a decrease show the numbers as negative, eg 55,000, -20% or (55,000L (20%). Round percentages to 1 decimal place, eg. 12.2%) NIKE, INC Condensed Balance Sheet May 31 ($ in millions) Percentage Change Increase 2022 2021 (Decrease) from 2021 Assets Current Assets $9,800 $8,760 Property, plant, and equipment (net) 1,970 1,800 Other assets 1,550 1,770 Total assets $13,320 $12,330 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 Lang-term iabilties 1,310 1,350 Stockholders equity 8,780 7,660 Total liabilities and $13,320 $12,330 stockholders' equity %24 %24 %24
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