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Exercise 14-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets tudy Current assets $ 9,078 $ 8,900 Property, plant, and equipment (net) 1,957 1,900 Other assets 1,410 1,500 Total assets $12,445 $12,300 Liabilities and Stockholders' Equity Current liabilities $ 2,970 $ 3,000 Long-term liabilities 1,358 1,400 Stockholders' equity 8,117 7,900 Total liabilities and stockholders' equity $12,445 $12,300 SOURCES (a) PRINTER VIRSION NEXT 4BACK Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well) (Enter amounts in miltions. 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 place, eg. 12.3%.) NIKE, INC. Condensed Balance Sheet (s in millions) by Study Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current assets $9,078 $8,900 Property, plant & equipment (net) 1,957 1,900 Other assets 1,410 1,500 Total Assets $12,445 $12,300 Liabilities and Stockholders' Equity $3,000 Current lablities $2,970 1,358 1,400 Long term liabities 7,900 8,117 Stockholders equity $12,445 $12,300 Total liabilities and Stockholders' Equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $9,078 Property, plant, and equipment (net) 1,957 Other assets 1,410 Total Assets $12,445 Liabilities and Stockholders' Equity $2,970 Current liabilities 1,358 Long-term liabilities 8,117 Stockholders' equity $12,445 Total liabilities and Stockholders' Equity Open Show Work Click if you would like to Show Work for this

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