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.
