sa Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.AssetsCurrent assetsProperty, plant, and equipment (net)Other assetsTotal assetsLiabilities and Stockholders' EquityCurrent liabilitiesLong-term liabilitiesStockholders' equityTotal liabilities and stockholders' equity(a)AssetsNike, Inc.Condensed Balance SheetsMay 31($ in millions)Current AssetsProperty, plant, and equipment (net)Other assetsTotal assetsLiabilities and Stockholders' EquityCurrent LiabilitiesLong-term liabilities2025Stockholders' equity$9,8001,9101,8201,5401,670$13,250 $12,210$3,2771,2808,693Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 as a base. (If amount and percentage are a decrease showthe numbers as negative, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%)$13,2502025$9,8001,9101,540$13,2502024NIKE, INC.Condensed Balance SheetsMay 31($ in millions)$3,277$8,7201,2808,693$3,3701,3107,530$12,2102024$8,720 $1,8201,670$12,210 $$3,370 $1,3107,530Total liabilities and stockholders' equity $13,250 $12,210 $AmountIncrease or(Decrease)Percent

Horizontal analysis is utilized in the audit of an organization's budget summaries over various…

Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets Total assets Current assets Property, plant, and equipment (net) Other assets (a) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Nike, Inc. Condensed Balance Sheets Assets Current Assets Other assets Property, plant, and equipment (net) Total assets May 31 ($ in millions) Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity 2025 $9,800 1,910 1,540 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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. 12.5%) $13,250 $13,250 $12,210 2025 $9,800 1,910 1,540 $13,250 2024 $3,277 $8,720 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 1,280 1,820 8,693 1,670 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent

Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Assets Total assets Current assets Property, plant, and equipment (net) Other assets (a) Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Nike, Inc. Condensed Balance Sheets Assets Current Assets Other assets Property, plant, and equipment (net) Total assets May 31 ($ in millions) Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity 2025 $9,800 1,910 1,540 $3,277 1,280 8,693 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 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. 12.5%) $13,250 $13,250 $12,210 2025 $9,800 1,910 1,540 $13,250 2024 $3,277 $8,720 NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 1,280 1,820 8,693 1,670 $3,370 1,310 7,530 $12,210 2024 $8,720 $ 1,820 1,670 $12,210 $ $3,370 $ 1,310 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ Amount Increase or (Decrease) Percent

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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