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