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Assets Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Current assets $9,734 Property, plant, and equipment (net) 1,958 $ 8,839

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Assets Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Current assets $9,734 Property, plant, and equipment (net) 1,958 $ 8,839 1,891 Other assets 1,558 1,713 Total assets $13,250 $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $3,322 Long-term liabilities 1,280 1,296 Stockholders' equity 8,693 7,825 Total liabilities and stockholders' equity $13,250 $12,443 Instructions 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.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2022.

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