WileyPLUS

Complete the following in WileyPLUS:

Exercise E13-5

Exercise E13-6

Exercise E13-9

E13-5 The comparative balance sheets of Nike, Inc. are presented here.

The comparative balance sheets of Nike, Inc. are presented here.

NIKE INC.

Comparative Balance Sheets

31-May

($ 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

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Nike using 2006 as a base.   (Show the amount of increase or decrease as well.)

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2007.

E13-6 Here are the comparative income statements of Winfrey Corporation.

WINFREY CORPORATION

Comparative Income Statements

For the Years Ended December 31

2010 2009

Net sales $598,000  $520,000

Cost of goods sold 477,000 450,000

Gross profit $121,000  $70,000

Operating expenses 80,000 45,000

Net income $41,000  $25,000

Instructions

(a) Prepare a horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base. (Show the amounts of increase or decrease.)

(b) Prepare a vertical analysis of the income statement data for Winfrey Corporation for both years.