Project 3: horizontal and vertical analysis

 Hypothetical balance sheets of Nike, Inc. are presented here.

NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)20222021AssetsCurrent Assets$9,580$8,770Property, plant, and equipment (net)1,8101,800Other assets1,5401,670Total assets$12,930$12,240Liabilities and Stockholders’ EquityCurrent Liabilities$3,150$3,320Long-term liabilities1,3201,370Stockholders’ equity8,4607,550Total liabilities and stockholders’ equity$12,930$12,240

(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%.)

NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)20222021Increase
(Decrease)Percentage
Change
from 2021Assets   Current Assets$9,580$8,770$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Property, plant, and equipment (net)1,8101,800enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Other assets1,5401,670enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Total assets$12,930$12,240$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %Liabilities and Stockholders’ Equity   Current Liabilities$3,150$3,320$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Long-term liabilities1,3201,370enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Stockholders’ equity8,4607,550enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Total liabilities and stockholders’ equity$12,930$12,240$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC.
Condensed Balance Sheet
choose the accounting period  

$ (in millions)

Percent

Assets

   Current Assets 

$9,580

enter percentages rounded to 1 decimal place       

%

   Property, plant, and equipment (net)

1,810

enter percentages rounded to 1 decimal place       

%

   Other assets

1,540

enter percentages rounded to 1 decimal place       

%

Total assets

$12,930

enter percentages rounded to 1 decimal place       

%

Liabilities and Stockholders’ Equity

   Current Liabilities

$3,150

enter percentages rounded to 1 decimal place       

%

   Long-term Liabilities

1,320

enter percentages rounded to 1 decimal place       

%

   Stockholders’ equity

8,460

enter percentages rounded to 1 decimal place       

%

Total liabilities and stockholders’ equity

$12,930

enter percentages rounded to 1 decimal place       

%

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