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NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2016 2017 Assets $9,600 $8,700 Current Assets 2,050 1,840 Property, plant, and equipment (net) 1,540
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2016 2017 Assets $9,600 $8,700 Current Assets 2,050 1,840 Property, plant, and equipment (net) 1,540 1,740 Other assets $13,190 $12,280 Total assets Liabilities and Stockholders' Equity $3,220 $3,340 Current Liabilities 1,300 1,330 Long-term liabilities 8,670 7,610 Stockholders' equity $12,280 $13,190 Total liabilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 as a base. (If amount and percentage are a decrea negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) KE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2016 Increase 2017 2016 (Decrease) Assets $9,600 $8,700 0% Current Assets $ % 2,050 1,840 Property, plant, and equipment (net) 1,740 % 1,540 Other assets $12,280 $13,190 % Total assets $ Liabilities and Stockholders' Equity $3,220 $3,340 % Current Liabilities $ 1,300 1,330 % Long-term liabilities 8,670 7,610 Stockholders' equity 0% $13,190 $12,280 % Total liabilities and stockholders' equity $
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