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Please help! Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Prepare a horizontal analysis of the balance sheet data for Nike, using
Please help!
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 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 e. (4. (45) (45\%) Round nerrentnges to 1 derimal nlare e a. 12.3\%.1 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022 . (Round percentages to 1 decimal place, e.g. 12.3\%.) NIKE, INC. Condensed Balance Sheet Assets Current assets $8,961 % Property, plant, and equipment (net) 1,957 % Other assets Total Assets Liabilities and Stockholders' Equity Current liabilities $2,970 8 Long-term liabilities 1,302 % Stockholders' equity Total liabilities and Stockholders' EquityStep by Step Solution
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