Question: I need help with this mathematical problem with the condensed balance sheets. Thank you! Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.

I need help with this mathematical problem with the condensed balance sheets. Thank you!

I need help with this mathematical problem withI need help with this mathematical problem with
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2025 Assets Current assets $9,500 Property, plant, and equipment (net) 1950 Other assets 1,530 Total assets $12,980 Liabilities and Stockholders' Equity Current liabilities $3,200 Long-term liabilities 1,250 Stockholders' equity - 8,530 Total liabilities and stockholders' equity $12,980 $12,350 2024 $8,880 1,830 1,640 $12,350 $3,300 1,270 7,780 Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) Increase or (Decrease) 2025 2024 Amount Percent Assets Current Assets $9.500 $8,880 64 Property, plant, and equipment (net) 1,950 1,830 Other assets 1,530 1,640 Total assets $12,980 $12,350 $ Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,300 $ Long-term liabilities 1,250 1,270 Stockholders' equity 8,530 7,780 Total liabilities and stockholders' equity $12,980 $12,350 $

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