The comparative balance sheets of Nike, Inc. are presented here.

| March 31, 2017

Question
The comparative balance sheets of Nike, Inc. are presented here.

NIKE, INC.
Comparative Balance Sheets
May 31
($ in millions)

2009

2008

Assets

$ 9,734

$ 8,839

Current assets

1,958

1,891

Property, plant, and equipment (net)

1,558

1,713

Other assets

$13,250

$12,443

Total assets

Liabilities and Stockholders” Equity

Current liabilities

$ 3,277

$ 3,322

Long-term liabilities

1,280

1,296

Stockholders” equity

8,693

7,825

Total liabilities and stockholders” equity

$13,250

$12,443

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2008 as a base. (Show the amount of increase or decrease as well.)

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2009.

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