Practice Exercise 02 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets Property, plant, and equipment (net) $9,860 1,900 1,520 $13,280 $8,860 1,860 1,610 $12,330 Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,180 1,210 8,890 $3,390 1,290 7,650 Stockholders' equity Total liabilities and stockholders' equity $13,280 $12,330 Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current Assets $9,860 $8,860 % Property, plant, and equipment (net) 1,900 1,860 % Other assets 1,520 1,610 % Total assets $13,280 $12,330 % Liabilities and Stockholders' Equity Current Liabilities $3,180 $3,390 % Long-term liabilities 1,210 1,290 % Stockholders' equity 8,890 7,650 % Total liabilities and stockholders' equity $13,280 $12,330 % NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,860 % Property, plant, and equipment (net) 1,900 % Other assets 1,520 % Total assets $13,280 % Liabilities and Stockholders' Equity Current Liabilities $3,180 % Long-term Liabilities 1,210 % Stockholders' equity 8,890 % Total liabilities and stockholders' equity $13,280 %