Suppose the comparative balance sheets of Nike, Inc. are presented here.

Instructions
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.)
b. Prepare a vertical analysis of the balance sheet data for Nike for 2020.

Transcribed Image Text:

Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 Assets 2019 $ 9,734 $ 8,839 Current assets Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders’ Equity $ 3,277 $ 3,322 1,296 Current liabilities Long-term liabilities Stockholders' equity 1,280 8,693 7,825 Total liabilities and stockholders' equity $13,250 $12,443