Question: Can I have help solving this? Suppose the comparative balance sheets of Nike, Inc.. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($


Can I have help solving this?



Suppose the comparative balance sheets of Nike, Inc.. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets $9.734 $8.839 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 Current Liabilities $3.277 $3,322 Long-term liabilities 1,280 1.296 Stockholders equity 8.693 7.825 Total liabilities and stockholders' equity $13,250 $12.443(a) Prepare a horizontal analysis of the balance sheet date for Nike, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Increase Change 2020 2019 (Decrease) from 2019 Assets Current Assets $9,734 $8.839 $ Property, plant, and equipment 1,958 1,891 9% (net) Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,322 $ Long-term liabilities 1,280 1,296 Stockholders' equity 8.693 7,825 Total liabilities and stockholders' $13,250 $12,443 equity(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9.734 % Property, plant, and equipment (net) 1,958 % Other assets 1,558 Total assets $13,250 % Liabilities and Stockholders' Equity Current Liabilities $3,277 % Long-term Liabilities 1,280 % Stockholders' equity 8.693 % Total liabilities and stockholders' equity $13.250 %
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