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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 $ 9,840 $ 8,200
Property, plant, and equipment (net) 1,802 1,700
Other assets 1,615 1,700
Total assets $13,257 $11,600
Liabilities and Stockholders’ Equity
Current liabilities $ 3,366 $ 3,400
Long-term liabilities 1,344 1,400
Stockholders’ equity 8,547 6,800
Total liabilities and stockholders’ equity $13,257 $11,600


(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%.)

NIKE, INC.
Condensed Balance Sheet

For the Year Ended May 31May 31For the Quarter Ended May 31


($ in millions)

2020

2019

Increase
(Decrease)

Percentage
Change from 2019

Assets

   Current assets

$9,840

$8,200

$ %

   Property, plant & equipment (net)

1,802

1,700

%

   Other assets

1,615 1,700 %

   Total Assets

$13,257 $11,600 $ %

Liabilities and Stockholders' Equity

   Current liabilities

$3,366

$3,400

$ %

   Long-term liabilities

1,344

1,400

%

   Stockholders' equity

8,547 6,800 %

   Total liabilities and Stockholders' Equity

$13,257 $11,600 $ %


(b)

Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.)

NIKE, INC.
Condensed Balance Sheet

For the Quarter Ended May 31, 2020 May 31, 2020 For the Year Ended May 31, 2020

$ (in millions)

Percent

Assets

   Current assets

$9,840

%

   Property, plant, and equipment (net)

1,802

%

   Other assets

1,615 %

Total Assets

$13,257 %

Liabilities and Stockholders' Equity

   Current liabilities

$3,366

%

   Long-term liabilities

1,344

%

   Stockholders' equity

8,547 %

Total liabilities and Stockholders' Equity

$13,257 %
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