Prepare a horizontal analysis of the balance sheet data for

Reference no: EM13573369

Suppose the comparative balance sheets of Nike, Inc. are presented here.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
	2014	2013
Assets
Current Assets	$9,595	$8,697
Property, plant, and equipment (net)	1,861	1,790
Other assets	1,498	1,643
Total assets	$12,954	$12,130
Liabilities and Stockholders' Equity
Current Liabilities	$3,265	$3,304
Long-term liabilities	1,338	1,351
Stockholders' equity	8,351	7,475
Total liabilities and stockholders' equity	$12,954	$12,130

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2013 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. 12.1%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
	2014	2013	Increase (Decrease)	Percentage Change from 2013
Assets
Current Assets	$9,595	$8,697	$		%
Property, plant, and equipment (net)	1,861	1,790			%
Other assets	1,498	1,643			%
Total assets	$12,954	$12,130	$		%
Liabilities and Stockholders' Equity
Current Liabilities	$3,265	$3,304	$		%
Long-term liabilities	1,338	1,351			%
Stockholders' equity	8,351	7,475			%
Total liabilities and stockholders' equity	$12,954	$12,130	$		%

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2014.

NIKE, INC. Condensed Balance Sheet May 31, 2014
	$ (in millions)	Percent
Assets
Current Assets	$9,595		%
Property, plant, and equipment (net)	1,861		%
Other assets	1,498		%
Total assets	$12,954		%
Liabilities and Stockholders' Equity
Current Liabilities	$3,265		%
Long-term Liabilities	1,338		%
Stockholders' equity	8,351		%
Total liabilities and stockholders' equity	$12,954		%

Reference no: EM13573369

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