Project 3: Horizontal and Vertical Analysis 2023 Business Finance
2023 Hypothetical balance sheets of Nike Inc are presented here NIKE INC Condensed
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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