Prepare a horizontal analysis of the balance sheet data for Nike, using 2026 as a base....

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Prepare a horizontal analysis of the balance sheet data for Nike, using 2026 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet May 31 2022 2026 ($ in millions) Increase (Decrease) Percentage Change from 2026 Assets Current assets $9,243 $7.900 1343 17 % Property, plant & equipment 1,962 1,800 162 6 % (net) Other assets 463 1,900 437 23 % Total Assets Liabilities and Stockholders' $12,668 $11,600 1942 49 % Equity Current liabilities $3,465 $3.500 35 1 % 20 Long-term liabilities 1,164 1,200 3 % 36 Stockholders' equity 8,039 6,900 -1139 16.5 % Total liabilities and $12,668 $11,600 -1068 20.5 % Stockholders' Equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2026 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet May 31 2022 2026 ($ in millions) Increase (Decrease) Percentage Change from 2026 Assets Current assets $9,243 $7.900 1343 17 % Property, plant & equipment 1,962 1,800 162 6 % (net) Other assets 463 1,900 437 23 % Total Assets Liabilities and Stockholders' $12,668 $11,600 1942 49 % Equity Current liabilities $3,465 $3.500 35 1 % 20 Long-term liabilities 1,164 1,200 3 % 36 Stockholders' equity 8,039 6,900 -1139 16.5 % Total liabilities and $12,668 $11,600 -1068 20.5 % Stockholders' Equity

Answer rating: 100% (QA)

Horizontal Analysis of Nikes Balance Sheet Account 2022 millions 2026 millions Increase Decrease Per... View the full answer