Prepare a horizontal analysis of the balance sheet data

Assignment Help Accounting Basics
Reference no: EM132432164

Question - 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

$9,243

$7,900

Property, plant, and equipment (net)

1,962

1,800

Other assets

1,463

1,900

Total assets

$12,668

$11,600

Liabilities and Stockholders' Equity

Current liabilities

$3,465

$3,500

Long-term liabilities

1,164

1,200

Stockholders' equity

8,039

6,900

Total liabilities and stockholders' equity

$12,668

$11,600

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.

Reference no: EM132432164

Questions Cloud

Prepare a statement of comprehensive income : An unrealized loss of $76,000 on available-for-sale securities. Prepare a statement of comprehensive income, beginning with income from continuing operations
Enter a telephone number expressed in letters : Compose a program that prompts the user to enter a telephone number expressed in letters (or digits and letters) and outputs the corresponding telephone number
Role of a parameterized type in function templates : What is the role of a parameterized type in function templates? May I have an example that illustrates specifying a parameterized type for a function template.
Soc 3362 - sociology of religion in india assignment : SOC 3362 - SOCIOLOGY OF RELIGION IN INDIA Assignment help and solutions:- Discuss how religious conversions can impact the social fabric of Indian society
Prepare a horizontal analysis of the balance sheet data : Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.)
Implement the euclid algorithm in c : Implement the Euclid algorithm in C++ (or Java). After that, add the code to display the number of modulus operation(s) for the numbers m and n in the ranges
NAB business work in terms of operations : How would your NAB business work in terms of operations (production, inventory control, distribution, customer service, research and development, etc.)?
Shipment in the minimum number of containers : The Greedy Ringy Manufacturing Company makes a common household item called a doflingy. The Greedy Ringy Doflingy shipping clerk is faced
Write a program to implement and test two functions : Write a C++ program to implement and test two functions: SwapP and SwapR. Swapp swaps the values of two integer variables using pass-by-pointer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the predetermined overhead rate

Determine the amount of overhead allocated to the average residential job using traditional costing based on labor hours

  Compute the manufacturing cost per unit for each product

Total indirect manufacturing costs for January were $300 million, Compute the manufacturing cost per unit for each product produced in January

  Compute total-price and quantity variances for materials

Compute the total, price, and quantity variances for materials - Benjamin Company purchased

  Phoenix corporation adopts a performance based share option

On January 1, Year 1, Phoenix Corporation adopts a performance based share option plan for 25 executives, with the number of shares based on the yearly increase in sales.

  Compute the break-men point in units for the company

Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder Mai measures distance. Compute the break-men point in units for the company

  Discuss with the sales manager whether any sales allowance

the following are audit procedures1. select a sample of cancelled checks and trace each one to the cash disbursements

  Discuss the audit procedures that johnson would conduct

Discuss the audit procedures that Johnson would conduct to determine if Mother earth would violated the debt covenants

  Evaluate the success of her secretarial service business

Ellen Watson is having difficulty evaluating the success of her secretarial service business because she does not separate her business assets from personal assets.

  Describe the steps you would take to prepare for the audit

If you are at a company, how do you write an audit of the core production system at your Company? Describe the steps you would take to prepare for the audit

  The wanless corporation provides internet consulting

the wanless corporation provides internet consulting services to a wide-range of customers. the companyrsquos fiscal

  Amount of ordinary business income

a. What amount of ordinary business income is allocated to Jane? b. What is the amount and character of seperately stated items allocated to Jane? c. What is Jane's basis in her XYZ corp. stock at the end of the year?

  Discuss the effect of increasing retained earnings

Which event will have the effect of increasing retained earnings

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd