Horizontal and Vertical Analysis Ratio Analysis
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Hypothetical balance sheets of Nike, Inc. are presented here.
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Order Paper Now| NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) |
||||
|---|---|---|---|---|
|
2022 |
2021 |
|||
|
Assets |
||||
|
Current Assets |
$9,710 |
$8,720 |
||
|
Property, plant, and equipment (net) |
1,940 |
1,870 |
||
|
Other assets |
1,500 |
1,690 |
||
|
Total assets |
$13,150 |
$12,280 |
||
|
Liabilities and Stockholders’ Equity |
||||
|
Current Liabilities |
$3,253 |
$3,330 |
||
|
Long-term liabilities |
1,270 |
1,380 |
||
|
Stockholders’ equity |
8,627 |
7,570 |
||
|
Total liabilities and stockholders’ equity |
$13,150 |
$12,280 |
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
| NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
|
2022 |
2021 |
Increase |
Percentage |
||||||
|
Assets |
|||||||||
|
Current Assets |
$9,710 |
$8,720 |
|
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Property, plant, and equipment (net) |
1,940 |
1,870 |
enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Other assets |
1,500 |
1,690 |
enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Total assets |
$13,150 |
$12,280 |
$enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Liabilities and Stockholders’ Equity |
|||||||||
|
Current Liabilities |
$3,253 |
$3,330 |
$enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Long-term liabilities |
1,270 |
1,380 |
enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Stockholders’ equity |
8,627 |
7,570 |
enter a dollar amount |
enter percentages rounded to 1 decimal place rounded to 1 decimal place |
% |
||||
|
Total liabilities and stockholders’ equity |
$13,150 |
$12,280 |
$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 |
|||||
|---|---|---|---|---|---|
|
|
Percent |
||||
|
Assets |
|||||
|
Current Assets |
$9,710 |
enter percentages rounded to 1 decimal place |
% |
||
|
Property, plant, and equipment (net) |
1,940 |
enter percentages rounded to 1 decimal place |
% |
||
|
Other assets |
1,500 |
enter percentages rounded to 1 decimal place |
% |
||
|
Total assets |
$13,150 |
enter percentages rounded to 1 decimal place |
% |
||
|
Liabilities and Stockholders’ Equity |
|||||
|
Current Liabilities |
$3,253 |
enter percentages rounded to 1 decimal place |
% |
||
|
Long-term Liabilities |
1,270 |
enter percentages rounded to 1 decimal place |
% |
||
|
Stockholders’ equity |
8,627 |
enter percentages rounded to 1 decimal place |
% |
||
|
Total liabilities and stockholders’ equity |
$13,150 |
enter percentages rounded to 1 decimal place |
% |
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