Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)     2022   2021 Assets         Current Assets   $9,630   $8,860 Property, plant, and equipment (net)   2,000   1,860 Other assets   1,530   1,610 Total assets   $13,160   $12,330 Liabilities and Stockholders' Equity         Current Liabilities   $3,240   $3,390 Long-term liabilities   1,260   1,290 Stockholders’ equity   8,630   7,650 Total liabilities and stockholders' equity   $13,160   $12,330 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)   Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)     2022   2021 Assets         Current Assets   $9,630   $8,860 Property, plant, and equipment (net)   2,000   1,860 Other assets   1,530   1,610 Total assets   $13,160   $12,330 Liabilities and Stockholders' Equity         Current Liabilities   $3,240   $3,390 Long-term liabilities   1,260   1,290 Stockholders’ equity   8,630   7,650 Total liabilities and stockholders' equity   $13,160   $12,330 (a) Prepare 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%.)

Here is financial information for Sheridan Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Assets Current assets Plant assets (net) Total assets December 31, 2022 Liabilities $123,000 395,300 89,279 130,592 166,959 131,470 2022 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (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%.) $123,000 December 31, 2021 395,300 $100,000 335,000 73,000 88,000 117,000 157,000 2021 SHERIDAN INC. Condensed Balance Sheets December 31 $100,000 335,000 $518,300 $435,000 Increase or (Decrease) Amount Percentage % % %

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On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Credit Debit $11,200 Accounts Receivable 34,000 Allowance for Uncollectible Accounts $1,800 Inventory 152,000 Land 67,300 Buildings 120,000 Accumulated Depreciation Accounts Payable 9,600 17,700 Common Stock 200,000 Retained Earnings Totals $ 384,500 155,400 $384,500 During January 2024, the following transactions occur: January 1 Borrow $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 4 Receive $31,000 from customers on accounts receivable. January 10 Pay cash on accounts payable, $11,000. January 15 Pay cash for salaries, $28,900. January 30 Firework sales for the month total $195,000. The cost of the units sold is $112,500. January 31 Pay the first monthly installment of $1,980 related to the $100,000 borrowed on January 1.…

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Current Attempt in Progress Here is financial information for Crane Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2025 $108,600 404,500 103,500 124,600 132,600 152,400 December 31, 2024 $94,500 352,600 67,600 94,500 117,600 167,400 Prepare a schedule showing a horizontal analysis for 2025, using 2024 as the base year. (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. 12.1%.)

WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 $650 2,750 $3,400 2019 2018 $700 1,750 $2,450 current assets other assets 2,050 Total assets $2,950 current liabilities Long-term 1iabilities stockholders equity $ 500 1,500 1,400 $3,400 $ 800 1,000 1,150 $2,950 700 800 950 Total liabilities and stockholders' equity $2,450 WIPER INC. Selected Income statement and other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales Operating income Interest expense Net income other data: Average number of common shares outstanding Total dividends paid $3,300 380 $2,900 300 70 230 300 44 50 42 30 Required: a. Calculate return on Investment, based on net Income and average total assets, for 2020 and 2019. b. Calculate return on egulty for 2020 and 2019. c. Calculate worklng capltal and the current ratio for each of the past three years. d. Calculate earnings per share for 2020 and 2019. e. If Wiper's stock had a…

Wildhorse Inc., had the following condensed balance sheet at the end of operations for 2019. Cash Current assets other than cash Equity invesments Plant assets (net) Land 1. During 2020, the following occurred. 2. 3. 4. 5. 6. 7. WILDHORSE INC. BALANCE SHEET DECEMBER 31, 2019 $8,400 28,800 8. 20,000 67,100 40,300 $164,600 Current liabilities Long-term notes payable Bonds payable Common stock Retained earnings A tract of land was purchased for $8,900. Bonds payable in the amount of $15,000 were redeemed at par. An additional $9,900 in common stock was issued at par. Dividends totaling $9,400 were paid to stockholders. Net income was $30,600 after allowing depreciation of $13,300. Land was purchased through the issuance of $22,800 in bonds. $15,200 25,500 25,000 75,000 23,900 $164,600 Wildhorse Inc. sold part of its investment portfolio for $12,900. This transaction resulted in a gain of $1,900 for the company. No unrealized gains or losses were recorded on these investments in 2020. Both…

Return on Assets Calculate the company's return on assets for 2020 and compare the result to the industry average.

Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets 2023 2024 Cash $ 24,226 $ 25,900 Accounts receivable Inventory 14,248 27,802 17,000 Notes payable 28,900 Other Total $ 66,276 $ 71,800 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment $ 342,695 $ 364,200 Total SMOLIRA GOLF CORPORATION 2023 and 2024 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable 2023 $ 24,984 17,000 13,371 $ 55,355 $ 124,000 2024 $ 28,900 12,600 17,500 $ 59,000 $127,662 $ 60,000 189,338 $ 249,338 $ 60,000 169,616 $ 229,616 Total assets $ 408,971 $ 436,000 Total liabilities and owners' equity $ 408,971 $ 436,000 SMOLIRA GOLF CORPORATION 2024 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (23%) Net income $ 390,477 261,500 50,900 $ 78,077 16,100 $ 61,977 14,255 $ 47,722 Dividends…