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 2013 as a base.
(Show the amount of increase or decrease as well.)
(b) Prepare a vertical analysis of the balance sheet data for Nike for2014.

Transcribed Image Text:

NIKE, INC. Comparative Balance Sheets May 31 (S in millions) Assets Current assets Property, plant, and equipment (net) Other assets Total assets 2014 9,734 1,958 1,558 $13,250 2013 8,839 1,891 1,713 $12,443 Liabilities and Stockholders' Equit Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 3,277 1,280 8,693 $13,250 3,322 1,296 7,825 $12,443