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E13-5The comparative balance sheets of Nike, Inc. are presented here. Correct.Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). Round all percentages to 1 decimal place, e.g. 12.5.)NIKE, INC.Condensed Balance SheetDecember 31($ in millions)Increase or (Decrease)20072006AmountPercentageAssetsCurrent assets$8,076$7,346$%Property, plant and equipment (net)1,6781,658%Other assets934866%Total assets$10,688$9,870$%Liabilities and stockholders' equityCurrent liabilities$2,584$2,612$%Long-term liabilities1,079973%Total stockholders' equity7,0256,285%Total liabilities & stockholders' equity$10,688$9,870$%Show AnswerCorrect.Complete the vertical analysis of the balance sheet data for Nike for 2007. (Round all of the percentages to 1 decimal place, e.g. 12.5.)NIKE, INC.Condensed Balance SheetMay 31, 2007$ (in millions)Percent AssetsCurrent assets$8,076%Property, plant and equipment (net)1,678%Other assets934%Total assets$10,688%Liabilities and stockholders' equityCurrent liabilities$2,584%Long-term liabilities1,079%Stockholders' equity7,025%Total liabilities and stockholder's equity$10,688%E13-6Here are the comparative income statements of Winfrey Corporation. Corr

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