This Project is worth 20% of your final grade for the course. Please prepare, compute and/or answer the following with respect to Nike, Inc. ALL the information you will need is included in the Financial Statements on pages 58-62 of the F/Y 5/31/20 Annual Report/Form 10-K and the Selected Financial Data on page 27. Assume there are no preferred shares outstanding. In addition to the Reading 27 slides, you also may find slides 24-30, 36, 39, 46-53, and 65 from Chapter 13 (ACCT 201) to be helpful.

PART I

Prepare a Horizontal Analysis of the Balance Sheets for Nike, Inc. for the current year ended 5/31/20 and the prior year ended 5/31/19.

• Use a spreadsheet program to do this part of the assignment.
• Label the spreadsheet Horizontal Analysis Balance Sheets Nike, Inc.
• List each line item classification from the Balance Sheet (each Asset, Liability, and component of Shareholders Equity) in Column A, and the amounts for the two years in Column B (2020) and Column C (2019).
• In Column D, compute the amount of the Increase (Decrease) during 2020.
• In Column E, convert the amount in Column D to a percentage of the Base Year amount (2019).