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Suppose the comparative balance sheets of Nike, Inc. are presented here. Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as
Suppose the comparative balance sheets of Nike, Inc. are presented here. Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 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 NIKE, INC. Condensed Balance Sheet $(inmillions)Percent Assets Current assets $9,040 % Property, plant, and equipment (net) 2,100 % Other assets Total Assets Liabilities and Stockholders' Equity Current liabilities $3,069 % Long-term liabilities 1,209 % Stockholders' equity Total liabilities and Stockholders' Equity
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