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Exercise 14-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($in millions) 2020 2019

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Exercise 14-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($in millions) 2020 2019 Assets Current assets $9,040 $8,000 Property, plant, and equipment (net) 2,100 2,000 Other assets 1,710 1,900 Total assets $12,850 $11,900 Liabilities and Stockholders' Equity Current liabilities $3,069 $3,100 Long-term liabilities 1,209 1,300 Stockholders' equity 8,572 Total liabilities and stockholders' equity $12,850 7,500 $11,900 (a) CALCULATOR FULLSCREEN PRINTER VERSION BACK NEXT Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 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 eg. (45), (45%). Round percentages to I decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet

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