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Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $ 10,248 $8,400 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,395 1,500 Total assets $13,533 $11,700 Liabilities and Stockholders' Equity Current liabilities $3,465 $3,500 Long-term liabilities 1,261 8,807 1,300 6,900 Stockholders' equity Total liabilities and stockholders' equity $13,533 $11,700 Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $10,248 Property, plant, and equipment (net) 1,890 Other assets 1,395 Total Assets $13,533 Liabilities and Stockholders' Equity Current liabilities $3,465 Long-term liabilities 1,261 Stockholders' equity 8,807 Total liabilities and Stockholders' Equity $13,533
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