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Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INO. Condensed Balance Sheet May 31 ($ in millions) 20172016 Assets

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Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INO. Condensed Balance Sheet May 31 ($ in millions) 20172016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,600 $8,830 2,000 1,900 1,5001,700 $13,100 $12,430 $3,240 $3,320 1,200 1,340 7,770 $13,100 $12,430 8,660

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