Prepare horizontal analysis of balance sheet data for Nike

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Reference no: EM132796059

Question - Hypothetical balance sheets of Nike, Inc. NIKE, INC. Condensed Balance Sheet May 31($ in millions)

2022 2021

Assets are presented here.

Current Assets $9,500 $8,700

Property, plant, and equipment (net) 1,900 1,800

Other assets 1,450 1,600

Total assets $12,850 $12,100

Liabilities and Stockholders' Equity

Current Liabilities $3,178 $3,300

Long-term liabilities 1,241 1,290

Stockholders' equity 8,431 7,510

Total liabilities and stockholders' equity $12,850 $12,100

Required -

1. Prepare horizontal analysis of the balance sheet data for Nike, using 2021 as a base.

2. Prepare vertical analysis of the balance sheet data for Nike for 2022.

Reference no: EM132796059

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