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(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet Issets Current assets ($ in millions) 2022 2021 $10,248 $8,400 $ Property, plant & equipment (net) 1,890 1,800 Other assets Total Assets .iabilities and Stockholders' Equity Current liabilities 1,395 1,500 $13,533 $11,700 $ $3,465 $3,500 $ Long-term liabilities 1,261 1,300 Stockholders' equity 8,807 6,900 Total liabilities and Stockholders' Equity $13,533 $11,700 $ Increase (Decrease) Percentage Change from 2021
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