Exercise 9-5 Suppose the comparative balance sheets of Nike, Inc. are pre NIKE,

Question

Exercise 9-5 Suppose the comparative balance sheets of Nike, Inc. are pre NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,630 $8,710 1,850 1,530 1,600 $13,160 $12,160 2,000 $3,240 $3,330 1,290 1,290 8,630 7,540 $12,160 $13,160 Prepare a horizontal analysis of the balance sheet data for Nike, us (55,000), (20%). Round percentages to 1 decimal place, e.g NIKE, INC Condensed Balance Sheet May 31 ($ In millions)

Explanation / Answer

HORIZONTAL ANALYSIS CONDENSED BALANCE SHEET 2017 2016 Increase % Change Assets: (Decrease) Current Assets 9630 8710 920 10.56% Property, plant and equipment 2000 1850 150 8.11% Other assets 1530 1600 -70 -4.38% Total assets 13160 12160 1000 8.22% Liabilities and Stockholder's equity: Current liabilities 3240 3330 -90 -2.70% Long term liabilities 1290 1290 0 0.00% Stocholder' equity 8630 7540 1090 14.46% Total Liabilities and Stockholder's equity 13160 12160 1000 8.22% VERTICAL ANALYSIS CONDENSED BALANCE SHEET 2017 Percent Assets: Current Assets 9630 73.20% Property, plant and equipment 2000 15.20% Other assets 1530 11.60% Total assets 13160 100% Liabilities and Stockholder's equity: Current liabilities 3240 24.60% Long term liabilities 1290 9.80% Stocholder' equity 8630 66% Total Liabilities and Stockholder's equity 13160 100%

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