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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 $ 10,492 $ 8,600
Property, plant, and equipment (net) 1,819 1,700
Other assets 1,504 1,600
Total assets $13,815 $11,900
Liabilities and Stockholders Equity
Current liabilities $ 3,366 $ 3,400
Long-term liabilities 1,386 1,400
Stockholders equity 9,063 7,100
Total liabilities and stockholders equity $13,815 $11,900

(a) 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 parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)

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 choose the accounting period For the Year Ended May 31, 2020For the Quarter Ended May 31, 2020May 31, 2020

$ (in millions)

Percent

Assets

Current assets

$10,492

enter a percentage number rounded to 1 decimal place %

Property, plant, and equipment (net)

1,819

enter a percentage number rounded to 1 decimal place %

Other assets

1,504 enter a percentage number rounded to 1 decimal place %

Total Assets

$13,815 enter total percentages rounded to 1 decimal place %

Liabilities and Stockholders' Equity

Current liabilities

$3,366

enter a percentage number rounded to 1 decimal place %

Long-term liabilities

1,386

enter a percentage number rounded to 1 decimal place %

Stockholders' equity

9,063 enter a percentage number rounded to 1 decimal place %

Total liabilities and Stockholders' Equity

$13,815 enter total percentages rounded to 1 decimal place %

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