My Question: Hello I need help finding the percentage total for the vertical analysis of the balance sheet data for Nike Inc 2022 For Question # 1. The Balance sheet will be provided below to solve for the Question # 1 Hypothetical balance sheets of Nike, Inc. are presented down below: 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 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,450 Stockholders’ equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 Question 1. Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 % Assets Percent Current Assets $9,880 Property, plant, and equipment (net) 1,940 Other assets 1,580 Total assets $13,400 Liabilities and Stockholders' Equity Current Liabilities $3,300 Long-term liabilities 1,350 Stockholders’ equity 8,750 Total liabilities and stockholders' equity $13,400

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 1PA: The following information is taken from the records of Baklava Bakery for the year 2019. A....

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My Question: Hello I need help finding the percentage total for the vertical analysis of the balance sheet data for Nike Inc 2022 For Question # 1.

The Balance sheet will be provided below to solve for the Question # 1

Hypothetical balance sheets of Nike, Inc. are presented down below:

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
Assets
Current Assets	$9,880	$8,810
Property, plant, and equipment (net)	1,940	1,830
Other assets	1,580	1,700
Total assets	$13,400	$12,340
Liabilities and Stockholders' Equity
Current Liabilities	$3,300	$3,300
Long-term liabilities	1,350	1,450
Stockholders’ equity	8,750	7,750
Total liabilities and stockholders' equity	$13,400	$12,340

Question 1. Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
	2022	%
Assets		Percent
Current Assets	$9,880
Property, plant, and equipment (net)	1,940
Other assets	1,580
Total assets	$13,400
Liabilities and Stockholders' Equity
Current Liabilities	$3,300
Long-term liabilities	1,350
Stockholders’ equity	8,750
Total liabilities and stockholders' equity	$13,400

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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