Question
In: Accounting
Hypothetical balance sheets of Nike, Inc. are presented here.
Hypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000).(20%). Round percentages to 1 decimal place, eg. 12.5%.)
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets
NIKE, INC. Condensed Balance Sheet $ (in millions)
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Hypothetical balance sheets of Nike, Inc. are presented here.
Hypothetical balance sheets of Nike, Inc. are presented here. (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. If amount and percentage are a decrease show the numbers as negative, es -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, es. 12.5%) b) Prepare a vertical analysis of the balance sheet data for Nike for 2022 NIKE
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31...
Hypothetical balance sheets of Nike, Inc. are
presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,670
$8,740
Property, plant, and equipment (net)
1,900
1,850
Other assets
1,590
1,690
Total assets
$13,160
$12,280
Liabilities and Stockholders' Equity
Current Liabilities
$3,200
$3,320
Long-term liabilities
1,270
1,320
Stockholders’ equity
8,690
7,640
Total liabilities and stockholders' equity
$13,160
$12,280
(a) Prepare a horizontal analysis of the
balance sheet data for Nike, using 2021 as a...
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31...
Hypothetical balance sheets of Nike, Inc. are
presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,500
$8,880
Property, plant, and equipment (net)
1,950
1,830
Other assets
1,530
1,640
Total assets
$12,980
$12,350
Liabilities and Stockholders' Equity
Current Liabilities
$3,200
$3,300
Long-term liabilities
1,250
1,270
Stockholders’ equity
8,530
7,780
Total liabilities and stockholders' equity
$12,980
$12,350
(a) Prepare a horizontal analysis of the balance
sheet data for Nike, using 2021 as a...
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31...
Hypothetical balance sheets of Nike, Inc. are
presented here.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,800
$8,760
Property, plant, and equipment (net)
1,970
1,800
Other assets
1,550
1,770
Total assets
$13,320
$12,330
Liabilities and Stockholders' Equity
Current Liabilities
$3,294
$3,320
Long-term liabilities
1,287
1,350
Stockholders’ equity
8,739
7,660
Total liabilities and stockholders' equity
$13,320
$12,330
(a) Prepare a horizontal analysis of the balance
sheet data for Nike, using 2021 as a...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) (b) Prepare a vertical analysis of the balance sheet data for...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
2020
2019
Assets
Current assets
$ 9,379
$ 8,300
Property, plant, and equipment (net)
1,836
1,700
Other assets
1,536
1,600
Total assets
$12,751
$11,600
Liabilities and Stockholders’ Equity
Current liabilities
$ 3,267
$ 3,300
Long-term liabilities
1,358
1,400
Stockholders’ equity
8,126
6,900
Total liabilities and stockholders’ equity
$12,751
$11,600
(a)
Prepare a horizontal analysis of the balance sheet data...
Hypothetical balance sheets of Nike, Inc. are presented here. Please show how to do the equations....
Hypothetical balance sheets of Nike, Inc. are
presented here. Please show how to do the equations. Thank you.
NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,600
$8,790
Property, plant, and equipment (net)
1,810
1,800
Other assets
1,580
1,710
Total assets
$12,990
$12,300
Liabilities and Stockholders' Equity
Current Liabilities
$3,170
$3,300
Long-term liabilities
1,230
1,390
Stockholders’ equity
8,590
7,610
Total liabilities and stockholders' equity
$12,990
$12,300
(a) Prepare a horizontal analysis of the...
Suppose the comparative balance sheets of Nike, Inc. are presented here.
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) (a) 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%.) (b) Prepare a vertical analysis of the balance...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheet...
Suppose the comparative balance sheets of Nike,
Inc. are presented here.
Nike, Inc.
Condensed Balance Sheet
May 31
($ in millions)
2020
2019
Assets
Current Assets
$9,600
$8,830
Property, plant, and equipment (net)
2,000
1,900
Other assets
1,500
1,700
Total assets
$13,100
$12,430
Liabilities and Stockholders' Equity
Current Liabilities
$3,240
$3,320
Long-term liabilities
1,200
1,340
Stockholders’ equity
8,660
7,770
Total liabilities and stockholders' equity
$13,100
$12,430
(a) Prepare a horizontal analysis of the balance
sheet data for Nike, using 2019...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019....
Presented here are the comparative balance sheets of Hames Inc.
at December 31, 2020 and 2019. Sales for the year ended December
31, 2020, totaled $1,700,000.
HAMES INC.
Balance Sheets
December 31, 2020 and 2019
2020
2019
Assets
Cash
$
63,000
$
57,000
Accounts receivable
285,000
266,000
Merchandise inventory
261,000
247,000
Total current assets
$
609,000
$
570,000
Land
109,000
82,000
Plant and equipment
375,000
330,000
Less: Accumulated depreciation
(195,000
)
(180,000
)
Total assets
$
898,000
$
802,000
Liabilities...
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