FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I NEED HELP SETTING UP AN VERTICAL & HORIZONTAL ANALYSIS BALANCE SHEET 

 

Suppose the comparative balance sheets of Nike, Inc. are presented here.

Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
   
2020
 
2019
Assets        
Current assets
  $ 10,179   $ 8,700
Property, plant, and equipment (net)
  1,890   1,800
Other assets
  1,404   1,800
Total assets
  $13,473   $12,300
Liabilities and Stockholders’ Equity        
Current liabilities
  $ 3,564   $ 3,600
Long-term liabilities
  1,344   1,400
Stockholders’ equity
  8,565   7,300
Total liabilities and stockholders’ equity
  $13,473   $12,300
NIKE, INC.
Condensed Balance Sheet
($ in millions)
Percentage
Change from 2019
Increase
2020
2019
(Decrease)
Assets
Current assets
$10,179
$8,700
$
%
Property, plant & equipment
(net)
1,890
1,800
%
Other assets
1,404
1,800
Total Assets
$13,473
$12,300
$
Liabilities and Stockholders'
Equity
Current liabilities
$3,564
$3,600
Long-term liabilities
1,344
1,400
Stockholders' equity
8,565
7,300
%
Total liabilities and
$13,473
$12,300
$
%
Stockholders' Equity
%24
%24
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Transcribed Image Text:NIKE, INC. Condensed Balance Sheet ($ in millions) Percentage Change from 2019 Increase 2020 2019 (Decrease) Assets Current assets $10,179 $8,700 $ % Property, plant & equipment (net) 1,890 1,800 % Other assets 1,404 1,800 Total Assets $13,473 $12,300 $ Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 % Total liabilities and $13,473 $12,300 $ % Stockholders' Equity %24 %24
NIKE, INC.
Condensed Balance Sheet
$ (in millions)
Percent
Assets
Current assets
$10,179
%
Property, plant, and equipment (net)
1,890
Other assets
1,404
%
Total Assets
$13,473
Liabilities and Stockholders' Equity
Current liabilities
$3,564
Long-term liabilities
1,344
Stockholders' equity
8,565
Total liabilities and Stockholders'
$13,473
Equity
expand button
Transcribed Image Text:NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $10,179 % Property, plant, and equipment (net) 1,890 Other assets 1,404 % Total Assets $13,473 Liabilities and Stockholders' Equity Current liabilities $3,564 Long-term liabilities 1,344 Stockholders' equity 8,565 Total liabilities and Stockholders' $13,473 Equity
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