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Please solve this problem: Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 in
Please solve this problem:
Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 in millions) 2016 2017 Assets $9,734 $8,839 Current Assets 1,958 1,891 Property, plant, and equipment (net) 1,558 1,713 Other assets $13,250 $12,443 Total assets Liabilities and Stockholders' Equity $3,277 $3,322 Current Liabilities Long-term liabilities 280 1,296 8,693 7,825 Stockholders' equity $13,250 $12,443 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 decrease show the numbers as negative, e, a 55.000 200% or (55.000). [200% Round percentages to 1 decimal place, e.a. 12.10%Step by Step Solution
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