Hello, Guys I would like to get helps with this Exercise 13-5 Suppose the compar

Question

Hello, Guys

I would like to get helps with this Exercise 13-5

Suppose the comparative balance sheets of Nike, Inc. are presented here. Condensed Balance Sheet May 31 $ in millions) 2014 2013 $9,501 $8,583 1,832 1,755 1,749 $12,924 12,087 Current Assets Property, plart, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity 1,591 Long-term liabilities tockholders equity Total liabilities and stockholders equity $3,181 $3,225 1,259 8,4917.603 1,249 $12,924 12,087 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, eg. 55,000 20% or 55,000 (20% ). Round percentages to 1 decimal place, eg. 12.19 Condensed Balance Sheet May 31 $ in millions) 2014 2013 Change from 2013 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets $9,501 $8,583 1,832 1,755 1,749 $12,924 12,087 1,591 Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,181 $3,225 1,249 1,259 7,603 $12,924 12,087 8,494 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2014. Condensed Balance Sheet y 31, 2014 in millions) Assets Current Assets Property, plant, and equipment (net) Other assets $9,501 1,832 1,591 $12,924 Total assets Current Liabilities Long-term Liabilities Stockholders' equity $3,181 1,249 8,494 $12,924 Total liabilities and stockholders' equity

Explanation / Answer

NIKE INC Consolidated Balance Sheet May-31 $ in millions Assets 2014 2013 Increase (Decrease) percentage change from 2013 Current Assets 9501 8583             918 10.7% Property plant & Equipment 1832 1755               77 4.4% Other Assets 1591 1749            (158) -9.0% Total Assets 12924 12087             837 6.9% Liabilities & Stockholders Equity Current Liabilities 3181 3225              (44) -1.4% Long Term liabilities 1249 1259              (10) -0.8% Stock holders Equity 8494 7603             891 11.7% Total Liabilities & Stockholders Equity 12924 12087             837 6.9% NIKE INC Consolidated Balance Sheet May-31 $ in millions Assets 2014 Percent Current Assets 9501 73.5% Property plant & Equipment 1832 14.2% Other Assets 1591 12.3% Total Assets 12924 100.0% Liabilities & Stockholders Equity Current Liabilities 3181 24.6% Long Term liabilities 1249 9.7% Stock holders Equity 8494 65.7% Total Liabilities & Stockholders Equity 12924 100.0%

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