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 | $ | % | 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 | | % | Total stockholders' equity | ------------------------------------------------- 7,025 | ------------------------------------------------- 6,285 | ------------------------------------------------- | ------------------------------------------------- % | Total liabilities & stockholders' equity | ------------------------------------------------- $10,688 | ------------------------------------------------- $9,870 | ------------------------------------------------- $ | ------------------------------------------------- % | | | | | | | | | | | | 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 | % | Property, plant and equipment (net) | 1,678 | % | Other assets | ------------------------------------------------- 934 | ------------------------------------------------- % | Total assets | ------------------------------------------------- $10,688 | ------------------------------------------------- % | | | | Liabilities and stockholders' equity | | | Current liabilities | $2,584 | % | Long-term liabilities | 1,079 | % | Stockholders' equity | ------------------------------------------------- 7,025 | ------------------------------------------------- % | Total liabilities and stockholder's equity |
