Wiley Plus Week 2

Only available on StudyMode
  • Download(s) : 190
  • Published : December 7, 2012
Open Document
Text Preview
Question 1
| 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|
| |

|
|
|

| |
| Correct.|
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| 10 %|
Property, plant and equipment (net)| 1,678| 1,658| 20| 1.2 %| Other assets| ------------------------------------------------- 934| -------------------------------------------------
866| -------------------------------------------------
68| -------------------------------------------------
8 %|
Total assets| ------------------------------------------------- $10,688| -------------------------------------------------
$9,870| -------------------------------------------------
$ 818| -------------------------------------------------
8.2 %|
 |  |  |  |  |
Liabilities and stockholders' equity| | | | |
Current liabilities| $2,584| $2,612| $ (28)| (1) %|
Long-term liabilities| 1,079| 973| 106| 11 %|
Total stockholders' equity| ------------------------------------------------- 7,025| -------------------------------------------------
6,285| -------------------------------------------------
740| -------------------------------------------------
12 %|
Total liabilities & stockholders' equity| ------------------------------------------------- $10,688| -------------------------------------------------
$9,870| -------------------------------------------------
$ 818| -------------------------------------------------
8.2 %|
| |

| |
| Correct.|
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| 75.5 %|
Property, plant and equipment (net)| 1,678| 15.6 %|
Other assets| ------------------------------------------------- 934| -------------------------------------------------
8.7 %|
Total assets| ------------------------------------------------- $10,688| -------------------------------------------------
100 %|
 |  |  |
Liabilities and stockholders' equity| | |
Current liabilities| $2,584| 24.1 %|
Long-term liabilities| 1,079| 10 %|
Stockholders' equity| ------------------------------------------------- 7,025| -------------------------------------------------
65.7 %|
Total liabilities and stockholder's equity|...
tracking img