Suppose the comparative balance sheets of Nike, Inc. are presented here.

NIKE, INC. LO15 Comparative Balance Sheets May 31

($ in millions)

Assets 2017 2016 Current assets $ 9,734 $ 8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders’ Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities 1,280 1,296 Stockholders’ equity 8,693 7,825 Total liabilities and stockholders’ equity $13,250 $12,443 Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 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 2017.