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(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet For the Month Ended May 31,
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet For the Month Ended May 31, 2022 $ (in millions) Percent Assets $9,125 100 Current Assets % 20.3 Property, plant, and equipment (net) 1,850 Other assets 1,525 16.7 96 Total assets $12,500 1.37 de % Liabilities and Stockholders' Equity Current Liabilities $3,075 33.7 % Long-term Liabilities 1.200 13.2 96 Stockholders' equity 8,225 90.1 % Total liabilities and stockholders' equity $12,500 1.37 % (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e9-55.000,-20% or (55,000). (20%). Round percentages to 1 decimal place, eg, 12.1%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2021 2022 Increase (Decrease) 2021 Assets Current Assets $9.125 $8,287 $ 838 101 . Property, plant, and equipment (net) 1.850 1,778 72 40.5 % Other assets 1,525 1,666 (141) (8.5) % Total assets $12.500 $11.731 $ 769 65.6 % x Liabilities and Stockholders Equity Current Liabilities $3,075 $3.122 $ 47 (15) % Long-term fiabilities 1,200 1.216 (16) 132 % Stockholders' equity 8.225 7,393 832 113 % Total liabilities and stockholders equity $12,500 $11.731 $ 769 65.6 %
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