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

Question

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 $9,853 $8,956 Property, plant, and equipment (net) 2,035 1,975 Other assets 1,538 1,696 Total assets $13,426 $12,627 Liabilities and Stockholders' Equity Current Liabilities $3,229 $3,282 Long-term liabilities 1,244 1,257 Stockholders 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 $9,853 $8,956 Property, plant, and equipment (net) 2,035 1,975 Other assets 1,538 1,696 Total assets $13,426 $12,627 Liabilities and Stockholders' Equity Current Liabilities $3,229 $3,282 Long-term liabilities 1,244 1,257 Stockholders NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions) 2014 2013 Assets Current Assets $9,853 $8,956 Property, plant, and equipment (net) 2,035 1,975 Other assets 1,538 1,696 Total assets $13,426 $12,627 Liabilities and Stockholders' Equity Current Liabilities $3,229 $3,282 Long-term liabilities 1,244 1,257 Stockholders 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 $9,853 $8,956 Property, plant, and equipment (net) 2,035 1,975 Other assets 1,538 1,696 Total assets $13,426 $12,627 Liabilities and Stockholders' Equity Current Liabilities $3,229 $3,282 Long-term liabilities 1,244 1,257 Stockholders Suppose the comparative balance sheets of Nike, Inc. are presented here.

Explanation / Answer

Hi,

Please find the answer as follows:

Part A; Horizontal Analysis

2014 2013 Increase/Decrease % Change from 2013 Assets



Current Assets 9,853 8,956 897 10.02 Property, plant, and equipment (net) 2,035 1,975 60 3.04 Other assets 1,538 1,696 -158 -9.32 Total assets 13,426 12,627 799 6.33 Liabilities and Stockholders' Equity



Current Liabilities 3,229 3,282 -53 -1.61 Long-term liabilities 1,244 1,257 -13 -1.03 Stockholders

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