Flexible Version 20111028

Flexible
by
Dr. Donald V. Saftner
[email protected]

To Accompany
Financial Reporting and Analysis:
Using Financial Accounting Information
13/e
by Dr. Charles Gibson

Copyright © 2013 Cengage Learning

All rights reserved

Flexible allows users to input the reported data including labels from the financial statements, notes, and othe
a vertical and horizontal analysis.

Instructions:
Note the sheet tabs below. Enter the labels and financial data in the Input sheet. Click on the Horizontal and Ver
want to temporarily remove unneeded rows and columns by first specifying (i.e., highlighting, selecting) the unneed
(see the Excel Help system for directions). The capacity is five years of data (columns) and forty-six lines of data (r
column A. At times you will want to abreviate to avoid taking up additional lines. Start the input using row 27 and

To see examples of how Flexible can be used, close this spreadsheet and open FlexibleNikeIS.xls and FlexibleNi
the base column F for the horizontal analysis and the use of the base row 27 for the vertical analysis. Since an incom
top, you should start at the base row 27 and build down. Since a balance sheet has its largest number at the bottom,
both statements, put the oldest year's data in the base column F and build to the left. Although the examples show co
be used for parts of financial statements or other schedules.

Copyright © 2013 Cengage Learning

Don Saftner
Nike, Inc.
Input Data

Balance Sheet 2011 2010 2009 2008

Cash & Mkt. Sec. 4538 5146 3455 2776

Net Trade Rec. 3138 2650 2884 2795
Inventories 2715 2041 2357 2438
Other Current Assets 906 1122 1038 830
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Current Assets 11297 10959 9734 8839
Net Property, Plant, and Equipment 2115 1932 1958 1891
Intangible Assets 692 655 661 1192
Other L.T. Assets 894 873 897 520
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Assets 14998 14419 13250 12443

Accounts Payable 1469 1255 1032 1288

Short Term Loans 187 139 343 178
Other Current Liab. 2302 1970 1902 1856
Long-term Debt 276 446 437 441
Other L.T. Liab. 921 855 842 855
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liabilities 5155 4665 4557 4617
Total Equity 9843 9754 8693 7825
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liab. and Eq. 14998 14419 13250 12443

Bottom Right
Don Saftner
Nike, Inc.
Horizontal Analysis

Balance Sheet 2011 2010 2009 2008

Cash & Mkt. Sec. 163.47% 185.37% 124.46% 100.00%

Net Trade Rec. 112.26% 94.80% 103.17% 100.00%
Inventories 111.34% 83.70% 96.66% 100.00%
Other Current Assets 109.22% 135.26% 125.14% 100.00%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Current Assets 127.80% 123.98% 110.12% 100.00%
Net Property, Plant, and Equipment 111.84% 102.16% 103.52% 100.00%
Intangible Assets 58.06% 54.95% 55.45% 100.00%
Other L.T. Assets 171.79% 167.76% 172.37% 100.00%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Assets 120.54% 115.88% 106.48% 100.00%

Accounts Payable 114.09% 97.47% 80.14% 100.00%

Short Term Loans 105.23% 78.22% 192.97% 100.00%
Other Current Liab. 124.02% 106.13% 102.48% 100.00%
Long-term Debt 62.57% 101.11% 99.12% 100.00%
Other L.T. Liab. 107.78% 100.06% 98.54% 100.00%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liabilities 111.65% 101.04% 98.68% 100.00%
Total Equity 125.78% 124.65% 111.09% 100.00%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liab. and Eq. 120.54% 115.89% 106.48% 100.00%

Bottom Right
Don Saftner
Nike, Inc.
Vertical Analysis

Balance Sheet 2011 2010 2009 2008

Cash & Mkt. Sec. 30.26% 35.69% 26.08% 22.31%

Net Trade Rec. 20.92% 18.38% 21.77% 22.47%
Inventories 18.10% 14.15% 17.79% 19.60%
Other Current Assets 6.04% 7.78% 7.83% 6.67%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Current Assets 75.32% 76.00% 73.47% 71.04%
Net Property, Plant, and Equipment 14.10% 13.40% 14.78% 15.20%
Intangible Assets 4.61% 4.54% 4.99% 9.58%
Other L.T. Assets 5.96% 6.05% 6.77% 4.18%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Assets 100.00% 100.00% 100.00% 100.00%

Accounts Payable 9.79% 8.70% 7.79% 10.35%

Short Term Loans 1.25% 0.96% 2.59% 1.43%
Other Current Liab. 15.35% 13.66% 14.36% 14.92%
Long-term Debt 1.84% 3.09% 3.30% 3.55%
Other L.T. Liab. 6.14% 5.93% 6.36% 6.87%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liabilities 34.37% 32.35% 34.39% 37.11%
Total Equity 65.63% 67.65% 65.61% 62.89%
---------------------------------------- -------------------- -------------------- -------------------- --------------------
Total Liab. and Eq. 100.00% 100.00% 100.00% 100.00%

Bottom Right