Acc/561 Wk 2 E13-5, E13-6, E13-9
• Exercise E13-5
• Exercise E13-6
• Exercise E13-9
The comparative balance sheets of Nike, Inc. are presented here. NIKE INC.
Comparative Balance Sheets
May 31
($ in millions)
Assets 2007 2006
Current assets $8,076 $7,346
Property, plant, and equipment (net) 1,678 1,658
Other assets 934 866
Total assets $10,688 $9,870 Liabilities and Stockholders' Equity
Current liabilities $2,584 $2,612
Long-term liabilities 1,079 973
Stockholders' equity 7,025 6,285
Total liabilities and stockholders' equity $10,688 $9,870
Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.)
NIKE, INC.
Condensed Balance Sheet
December 31
($ in millions) Increase or (Decrease) 2007 2006 Amount Percentage
Assets
Current assets $8,076 $7,346 $730 9.9%
Property, plant and equipment (net) 1,678 1,658 20 1.2%
Other assets 934 866 68 7.9%
Total assets $10,688 $9,870 $818 8.3% Liabilities and stockholders' equity
Current liabilities $2,584 $2,612 $(28) (1.1)%
Long-term liabilities 1,079 973 106 10.9%
Total stockholders' equity 7,025 6,285 740 11.8%
Total liabilities & stockholders' equity $10,688 $9,870 $818 8.3%
Complete the vertical analysis of the balance sheet data for Nike for 2007. (Round all of the percentages to 1 decimal place, e.g. 12.5.)
NIKE, INC.
Condensed Balance Sheet
May 31, 2007 $ (in millions) Percent
Assets
Current assets $8,076 75.6%
Property, plant and equipment (net) 1,678 15.7%
Other assets 934 8.7%
Total assets $10,688 100.0% Liabilities and stockholders' equity
Current liabilities $2,584 24.2%
Long-term liabilities 1,079 10.1%
Stockholders' equity 7,025 65.7%
Total liabilities and stockholder's equity $10,688 100.0%
Question 2 Here are the comparative income
• Exercise E13-6
• Exercise E13-9
The comparative balance sheets of Nike, Inc. are presented here. NIKE INC.
Comparative Balance Sheets
May 31
($ in millions)
Assets 2007 2006
Current assets $8,076 $7,346
Property, plant, and equipment (net) 1,678 1,658
Other assets 934 866
Total assets $10,688 $9,870 Liabilities and Stockholders' Equity
Current liabilities $2,584 $2,612
Long-term liabilities 1,079 973
Stockholders' equity 7,025 6,285
Total liabilities and stockholders' equity $10,688 $9,870
Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.)
NIKE, INC.
Condensed Balance Sheet
December 31
($ in millions) Increase or (Decrease) 2007 2006 Amount Percentage
Assets
Current assets $8,076 $7,346 $730 9.9%
Property, plant and equipment (net) 1,678 1,658 20 1.2%
Other assets 934 866 68 7.9%
Total assets $10,688 $9,870 $818 8.3% Liabilities and stockholders' equity
Current liabilities $2,584 $2,612 $(28) (1.1)%
Long-term liabilities 1,079 973 106 10.9%
Total stockholders' equity 7,025 6,285 740 11.8%
Total liabilities & stockholders' equity $10,688 $9,870 $818 8.3%
Complete the vertical analysis of the balance sheet data for Nike for 2007. (Round all of the percentages to 1 decimal place, e.g. 12.5.)
NIKE, INC.
Condensed Balance Sheet
May 31, 2007 $ (in millions) Percent
Assets
Current assets $8,076 75.6%
Property, plant and equipment (net) 1,678 15.7%
Other assets 934 8.7%
Total assets $10,688 100.0% Liabilities and stockholders' equity
Current liabilities $2,584 24.2%
Long-term liabilities 1,079 10.1%
Stockholders' equity 7,025 65.7%
Total liabilities and stockholder's equity $10,688 100.0%
Question 2 Here are the comparative income