Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented

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Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2014 2013 Assets Current Assets $9,861 $8,920 Property, plant, and equipment (net) 1,958 1,883 Other assets 1,588 1,750 Total assets $13,407 $12,553 Liabilities and Stockholders' Equity Current Liabilities $3,285 $3,318 Long-term liabilities 1,272 1,282 Stockholders’ equity 8,850 7,953 Total liabilities and stockholders' equity $13,407 $12,553 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2013 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2014 2013 Increase (Decrease) Percentage Change from 2013 Assets Current Assets $9,861 $8,920 $ % Property, plant, and equipment (net) 1,958 1,883 % Other assets 1,588 1,750 % Total assets $13,407 $12,553 $ % Liabilities and Stockholders' Equity Current Liabilities $3,285 $3,318 $ % Long-term liabilities 1,272 1,282 % Stockholders’ equity 8,850 7,953 % Total liabilities and stockholders' equity $13,407 $12,553 $ % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2014. NIKE, INC. Condensed Balance Sheet May 31, 2014 $ (in millions) Percent Assets Current Assets $9,861 % Property, plant, and equipment (net) 1,958 % Other assets 1,588 % Total assets $13,407 % Liabilities and Stockholders' Equity Current Liabilities $3,285 % Long-term Liabilities 1,272 % Stockholders’ equity 8,850 % Total liabilities and stockholders' equity $13,407 %

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Exercise 13-5 Suppose the comparative balance sheets of Nike, Inc. are presented

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