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E13-5| | The comparative balance sheets of Nike, Inc. are presented here. | NIKE INC. | Comparative Balance Sheets| May 31| ————————————————- ($ in millions)| Assets| 2007| 2006| Current assets| $8,076| $7,346| Property, plant, and equipment (net)| 1,678| 1,658| Other assets| ————————————————- 934| ————————————————- 866| Total assets| ————————————————- $10,688| ————————————————- $9,870| | | | Liabilities and Stockholders’ Equity| | | Current liabilities| $2,584| $2,612| Long-term liabilities| 1,079| 973| Stockholders’ equity| ————————————————- 7,025| ————————————————- 6,285| Total liabilities and stockholders’ equity| ————————————————- $10,688| ————————————————- $9,870| | | | | | | | | | Correct. | | | Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e. g. 45 or parenthesis, e. g. (45). Round all percentages to 1 decimal place, e. g. 12. 5. ) NIKE, INC. | Condensed Balance Sheet| December 31| ————————————————- ($ in millions)| | | | Increase or (Decrease)| | 2007| 2006| Amount| Percentage|