In: Accounting
ypothetical balance sheets of Nike, Inc. are presented here.
NIKE, INC. | ||||
---|---|---|---|---|
2022 | 2021 | |||
Assets | ||||
Current Assets | $9,600 | $8,730 | ||
Property, plant, and equipment (net) | 1,910 | 1,830 | ||
Other assets | 1,470 | 1,620 | ||
Total assets | $12,980 | $12,180 | ||
Liabilities and Stockholders' Equity | ||||
Current Liabilities | $3,210 | $3,370 | ||
Long-term liabilities | 1,254 | 1,330 | ||
Stockholders’ equity | 8,516 | 7,480 | ||
Total liabilities and stockholders' equity | $12,980 | $12,180 |
(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. | |||||||||
---|---|---|---|---|---|---|---|---|---|
2022 | 2021 | Increase | Percentage | ||||||
Assets | |||||||||
Current Assets | $9,600 | $8,730 | % | ||||||
Property, plant, and equipment (net) | 1,910 | 1,830 | % | ||||||
Other assets | 1,470 | 1,620 | % | ||||||
Total assets | $12,980 | $12,180 | $ | % | |||||
Liabilities and Stockholders' Equity | |||||||||
Current Liabilities | $3,210 | $3,370 | $ | % | |||||
Long-term liabilities | 1,254 | 1,330 | % | ||||||
Stockholders’ equity | 8,516 | 7,480 | % | ||||||
Total liabilities and stockholders' equity | $12,980 | $12,180 | $ | % |
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.
NIKE, INC. | |||||
---|---|---|---|---|---|
Percent | |||||
Assets | |||||
Current Assets | $9,600 | % | |||
Property, plant, and equipment (net) | 1,910 | % | |||
Other assets | 1,470 | % | |||
Total assets | $12,980 | % | |||
Liabilities and Stockholders' Equity | |||||
Current Liabilities | $3,210 | % | |||
Long-term Liabilities | 1,254 | % | |||
Stockholders’ equity | 8,516 | % | |||
Total liabilities and stockholders' equity | $12,980 | % |
NIKE, INC. Condensed Balance Sheet For The Year Ended May 31, 2022 | ||||||
2022 | 2021 | |||||
Assets | ||||||
Current assets | $9,600 | 74 | % | $8,730 | 71.7 | % |
Property, plant and equipment (net) | 1,910 | 14.7 | 1,830 | 15 | ||
Other assets | 1,470 | 11.3 | 1,620 | 13.3 | ||
Total assets | 12,980 | 100 | % | 12,180 | 100 | % |
Liabilities and Stockholders' Equity | ||||||
Current liabilities | 3,200 | 24.6 | 3,370 | 27.7 | ||
Long-term liabilities | 1,310 | 10.1 | 1,330 | 10.9 | ||
Stockholders' equity | 8,470 | 65.3 | 7,480 | 61.4 | ||
Total liabilities and stockholders' equity | $12,980 | 100 | % | $12,180 | 100 | % |