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Homework answers / question archive / Hypothetical balance sheets of Nike, Inc

Hypothetical balance sheets of Nike, Inc

Accounting

Hypothetical balance sheets of Nike, Inc. are presented here.

NIKE, INC.

Condensed Balance Sheet

May 31

($ in millions)

2022 2021

Assets

Current Assets $9,580 $8,770

Property, plant, and equipment (net) 1,810 1,800

Other assets 1,540 1,670

Total assets $12,930 $12,240

Liabilities and Stockholders' Equity

Current Liabilities $3,150 $3,320

Long-term liabilities 1,320 1,370

Stockholders' equity 8,460 7,550

Total liabilities and stockholders' equity $12,930 $12,240

(a) Solve 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%.) 

(b) Work out a vertical analysis of the balance sheet data for Nike for 2022.

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