(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. 12.1%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021		Increase (Decrease)		Percentage Change from 2021
Assets
Current Assets		$10,672		$9,751		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		2,146		2,077		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Other assets		1,682		1,836		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total assets		$14,500		$13,664		$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,567		$3,612		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Long-term liabilities		1,392		1,408		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Stockholders equity		9,541		8,644		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$14,500		$13,664		$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC. Condensed Balance Sheet choose the accounting period For the Month Ended May 31, 2022May 31, 2022For the Year Ended May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$10,672		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		2,146		enter percentages rounded to 1 decimal place	%
Other assets		1,682		enter percentages rounded to 1 decimal place	%
Total assets		$14,500		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,567		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,392		enter percentages rounded to 1 decimal place	%
Stockholders equity		9,541		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$14,500		enter percentages rounded to 1 decimal place	%