Question
Do a horizontal analysis of the balance sheet data for Nike, using 2026 as a base. (If amount and percentage are a decrease show the
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 2027 2026 Assets Current assets $9,630 $8,710 Property, plant, and equipment (net) 2,000 1,850 Other assets 1,530 1,600 Total assets $13,160 $12,160 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,240 $3,330 1,290 1,390 8,630 7,440 $13,160 $12,160
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
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