ACC
chapter 13 discussion section problem

chapter 13 discussion section problem - NAME ACC 3010...

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NAME _________________________________ ACC 3010 CHAPTER 13: FINANCIAL STATEMENT ANALYSIS – Part 1 – The comparative balance sheets of Nike, Inc. are presented below.  First, prepare a horizontal analysis of the balance sheet data for Nike, using 2013 as a base. Show the amount of increase or decrease as well. Second, prepare a vertical analysis of the balance sheet data for Nike for 2014. HORIZONTAL ANALYSIS NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2014 2013 Increase (Decrease) Percentage Change from 2013 Assets Current assets Property, plant, and equipment (net) Other assets Total assets $ 9,734 1,958 1,558 $13,250 $ 8,839 1,891 1,713 $12,443 Liabilities and stock- holders’ equity Current liabilities Long-term liabilities Stockholders’ equity Total liabilities and stockholders’ equity $ 3,277 1,280 8,693 $13,250 $ 3,322 1,296 7,825 $12,443
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VERTICAL ANALYSIS NIKE, INC. Condensed Balance Sheet May 31, 2014 $ (in millions) Percent Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and stockholders’ equity Current liabilities Long-term liabilities
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