FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 Property, plant, and equipment (net) 2,050 Other assets 1,480 Total assets $13,080 Liabilities and Stockholders' Equity Current Liabilities $3,230 Long-term Liabilities 1,270 Stockholders' equity 8,580 Total liabilities and stockholders' equity $13,080 eTextbook and Media Save for Later to search F3 F4 F5 F6 F7 F8 F9 PrtSc F10 F11 F12 23 & 96 %24
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Transcribed Image Text:(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,550 Property, plant, and equipment (net) 2,050 Other assets 1,480 Total assets $13,080 Liabilities and Stockholders' Equity Current Liabilities $3,230 Long-term Liabilities 1,270 Stockholders' equity 8,580 Total liabilities and stockholders' equity $13,080 eTextbook and Media Save for Later to search F3 F4 F5 F6 F7 F8 F9 PrtSc F10 F11 F12 23 & 96 %24
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