Question

Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet choose the accounting period $ (in millions) Percent Assets Current assets $8,961 enter your answer in percentages rounded to 1 decimal place % Property, plant, and equipment (net) 1,957 enter your answer in percentages rounded to 1 decimal place % Other assets 1,584enter your answer in percentages rounded to 1 decimal place % Total Assets $12,502enter your answer in percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current liabilities $2,970 enter your answer in percentages rounded to 1 decimal place % Long-term liabilities 1,302 enter your answer in percentages rounded to 1 decimal place % Stockholders' equity 8,230enter your answer in percentages rounded to 1 decimal place % Total liabilities and Stockholders' Equity $12,502enter your answer in percentages rounded to 1 decimal place %

Answer 1

Answer:

NIKE, INC.

NIKE, INC.

Condensed Balance Sheet

As of December 31, 2020                    $ (in millions)     Percent

Assets

Current assets                                              $8,961         71.7%

Property, plant, and equipment (net)             1,957        15.6%

Other assets                                                   1,584         12.7%

Total Assets                                               $12,502         100%

Liabilities and Stockholders' Equity

Current liabilities                                         $2,970       23.8%

Long-term liabilities                                       1,302        10.4%

Stockholders' equity                                     8,230       65.8%

Total liabilities and Stockholders' Equity $12,502        100%

Explanation:

a) Data and Calculations:

NIKE, INC.

Condensed Balance Sheet

As of December 31, 2020                    $ (in millions)     Percent

Assets

Current assets                                              $8,961

Property, plant, and equipment (net)             1,957

Other assets                                                   1,584

Total Assets                                               $12,502

Liabilities and Stockholders' Equity

Current liabilities                                         $2,970

Long-term liabilities                                       1,302

Stockholders' equity                                     8,230

Total liabilities and Stockholders' Equity $12,502

Each balance sheet item is expressed as a percentage of the total assets under the vertical analysis.  This means that the item is divided by the total assets value of $12,502 multiplied by 100.