Question: Fxercise 145 Suppose the comparative Lelerce sheets ct Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 91 is in millions 20.20 2019

 Fxercise 145 Suppose the comparative Lelerce sheets ct Nike, Inc. are

Fxercise 145 Suppose the comparative Lelerce sheets ct Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 91 is in millions 20.20 2019 Assets Current assets 5,951 5,700 Property, part, and cywilne) 1,957 1,900 cter assets 1,594 1,529 Total sects $17,507 $12,790 Liabilities and stockholders' Equity Current liabilities $ 2,97 $ 3,009 Lore te m oities 1,292 1,499 Stock"clcers' equity 5,230 7,599 Total liabilities and 112,552 112.2 barcha XJy {a) Prepare e horizontal analysis of the balance sheet deze for Nike, using 2019 as a Dese. (Short the amourt ct ncrease or decrease as well.) (Errter 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 prace, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet (s in millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets CUIT: $9,961 98,700 Property, plant & ccjipment inet 1,997 1,900 Other assets 1,554 2,600 Total Assets $12,502 12,200 Liabilities and Stockholders Equity Curreriablities 2,570 53.000 Long-leimabilis Saccho ders' equity 1,302 ,400 9,20 7,800 $12,502 512,200 Total liabilities and Stockholders' Equity 112.502 312,200 (b) Freparvarliallysis ul lette sul kalalor Ncer 2020. (Round percentages to 1 decimal place, e.g. 12.3%) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Curterets $8,961 Progerty alant, and eciament (net) Other assets 1,564 $12,502 Total Assets Liabilities and Stockholders' Equity Cuiters ablities $2,0/0 longtem ab itics 1,302 8,230 sscckho ders' equity Tatal liabilities and Stockholders' Equity $12,502

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