Week $10-$ Assignment: Horizontal and Vertical Analysis

Question $1$ of $3$

$\backslash$table$[[\backslash$table$[[$Condensed Balance Sheets$],[$May $31],[($ $ in millions$)]]],[,2025,2024],[$Assets$,,],[$Current assets,$$9,600,$$$8,790],[$Property$,$ plant, and equipment $($net$),1,810,1,800],[$Other assets,$1,580,1,710],[$Total assets,$$12,990,$$$12,300],[$Liabilities and Stockholders' Equity,,$],[$Current liabilities,$$3,170,$$$3,300],[$Long$-$term liabilities,$1,230,1,390],[$Stockholders$\text{'}$ equity,$8,590,7,610],[$Total liabilities and stockholders' equity,$$12,990,$$$12,300]]$

$($a$)$

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$.12\mathrm{.}5\%.)$

$\backslash$table$[[,\backslash$table$[[$NIKE$,$ INC.$],[$Condensed Balance Sheets$],[$May $31],[($ $ in millions$)]],,$Percent$],[,,,,\backslash$table$[[$Increase or$],[($Decrease$)]]],[,2025,2024,,$Amount,$],[$Assets$],[$Current Assets,$$9,600,$$$8,790,$$$,,,],[$Property$,$ plant, and equipment $($net$),1,810,1,800,,,,],[$Other assets,$1,580,1,710,,,,],[$Total assets,$$12,990,$$$12,300,$$$,,,],[$Liabilities and Stockholders' Equity$],[$Current Liabilities,$$3,170,$$$3,300,$$$,,,],[$Long$-$term liabilities,$1,230,1,390,,,,],[$Stockholders$\text{'}$ equity,$8,590,7,610,,,,],[$Total liabilities and stockholders' equity,$$12,990,$$$12,300,$$$,,,],[$eTextbook and Media$],[$Save for Later$],[,,,,$Attem,of $3$ used,Answer$]]$

$($b$)$CT