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Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets $9,600 1,910 1,470 $8,730 1,830 1,620 $12,180 $12,980 Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,200 $3,370 1,310 1,330 8,470 7,480 $12,980 $12,180 Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.2%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2016 2017 2016 Assets Current Assets $9,600 $8,730 % $ Property, plant, and equipment (net) 1,910 1,830 % Other assets 1,470 1,620 % Total assets $12,980 $12,180 % Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,370 % Long-term liabilities 1,310 1,330 % Stockholders' equity 8,470 7,480 % Total liabilities and stockholders' equity $12,980 $12,180 $12,180 % Prepare a vertical analysis of the balance sheet data for Nike for 2017. (Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,600 % Property, plant, and equipment (net) 1,910 % Other assets 1,470 % Total assets $12,980 % Liabilities and Stockholders' Equity Current Liabilities $3,200 % Long-term Liabilities 1,310 % Stockholders' equity 8,470 % Total liabilities and stockholders' equity $12,980 %

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