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Hypothetical balance sheets of Nike, Inc. are presented here. (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a
Hypothetical balance sheets of Nike, Inc. are presented here. (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. 55,000,20% or (55,000), (20\%). Round percentages to 1 decimal place, e.g. 12.5\%.) May 31 (\$ in millions) Current Assets \begin{tabular}{|l|} \hline 70.8 \\ \hline \end{tabular} Property, plant, and equipment (net) \begin{tabular}{lll} 2,050 & 1,840 & 210 \\ \hline \end{tabular} Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities \begin{tabular}{|l|l} \hline 15.0 \\ \hline \end{tabular} \begin{tabular}{||c||} \hline \hline 14.2 \\ \hline \hline 100 \\ \hline \hline \end{tabular} % % Long-term liabilities % Stockholders' equity Total liabilities and stockholders' equity
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