Wiley Plus Week 2

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 |