Exercise 9-5

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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2017		2016
Assets
Current Assets		$9,640		$8,720
Property, plant, and equipment (net)		2,010		1,840
Other assets		1,450		1,730
Total assets		$13,100		$12,290
Liabilities and Stockholders' Equity
Current Liabilities		$3,250		$3,340
Long-term liabilities		1,290		1,340
Stockholders equity		8,560		7,610
Total liabilities and stockholders' equity		$13,100		$12,290

Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 as a base.