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Hypothetical balance sheets of Nike, Inc. are presented here. (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a
Hypothetical balance sheets of Nike, Inc. are presented here. (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\%.) Liabilities and Stockholders' Equity Current Liabilities $3,262$3,400$ % Long-term liabilities 1,2741,350 % Stockholders' equity Total liabilities and stockholders' equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. Property, plant, and equipment (net) 2,020 % Other assets Total assets \begin{tabular}{ccc} 1,540 & & % \\ & & % \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities $3,262 % Long-term Liabilities 1,274 % Stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{ccc} \hline, 654 & & % \\ & & % \\ \hline \end{tabular}
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