1

| Week 8: Homework * WP NWP Assessment Player Ul Appli X APA Citation Generator (Free) | V X ) Log In | Federal Student Aid * USAJOBS - The Federal Governmentlenger 5.7 x |+ X C & https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=fodde-4bcb-4347-a0c3-5426922243d3#/question/0 - Week 8: Homework Question 1 of 5 View Policies Current Attempt in Progress Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,550 $8,900 Property, plant, and equipment (net) 2,050 1,850 Other assets 1,480 1,730 Total assets $13,080 $12,480 Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 Long-term liabilities 1,270 1,300 Stockholders' equity 8,580 7,850 Total liabilities and stockholders' equity $13,080 $12,480 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 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. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 8:42 AM 12/14/2021| Week 8: Homework * WP NWP Assessment Player Ul Appli X APA Citation Generator (Free) | V X ) Log In | Federal Student Aid * USAJOBS - The Federal Governmentlenger 5.7 x |+ X C & https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=f8dde460-4bcb-4347-a0c3-542b922243d3#/question/0 - Week 8: Homework Question 1 of 5