Acc 561 Week 2 Wiley Plus Assignment E13-5, E13-6, E13-9 Essay Example

Pages: 9 (888 words) Published: January 23, 2012
E13-5|
|
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 | 9.9 %|
Property, plant and equipment (net)| 1,678| 1,658| 20 | 1.2 %| Other assets| ------------------------------------------------- 934| -------------------------------------------------
866| -------------------------------------------------
68 | -------------------------------------------------
7.9 %|
Total assets| ------------------------------------------------- $10,688| -------------------------------------------------
$9,870| -------------------------------------------------
$ 818 | -------------------------------------------------
8.3 %|
 |  |  |  |  |
Liabilities and stockholders' equity| | | | |
Current liabilities| $2,584| $2,612| $ -28 | -1.1 %|
Long-term liabilities| 1,079| 973| 106 | 10.9 %|
Total stockholders' equity| ------------------------------------------------- 7,025| -------------------------------------------------
6,285| -------------------------------------------------
740 | -------------------------------------------------
11.8 %|
Total liabilities & stockholders' equity| ------------------------------------------------- $10,688| -------------------------------------------------
$9,870| -------------------------------------------------
$ 818 | -------------------------------------------------
8.3 %|
|

|
|
|
|
| |
|
| |
| 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| 75.6 %|
Property, plant and equipment (net)| 1,678| 15.7 %|
Other assets| ------------------------------------------------- 934| -------------------------------------------------
8.7 %|
Total assets| ------------------------------------------------- $10,688| -------------------------------------------------
100.0 %|
 |  |  |
Liabilities and stockholders' equity| | |
Current liabilities| $2,584| 24.2 %|
Long-term liabilities| 1,079| 10.1 %|
Stockholders' equity| ------------------------------------------------- 7,025| -------------------------------------------------
65.7 %|...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Acc/561 Wk 2 E13-5, E13-6, E13-9 Essay
  • ACC 561 Assignment Wiley Plus Week 2 Essay
  • ACC 561 Assignment Wiley Plus Week 1 Essay
  • Wiley Plus Week 2 Essay
  • ACC 561 Week 1-6 Wiley Plus Assignments, Quizzes, Discussion Questions Study Guides with Example Papers
  • Essay about Acc 422 E13-1; E13-7; E13-11; E13-13
  • ACC 421 Final Exam Wiley Plus Essay
  • Acc 400 Week 5 Assignment Essay Example

Become a StudyMode Member

Sign Up - It's Free