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
|
|
|
%
|