Hypothetical balance sheets of Nike, Inc. are presented here.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,800		$8,720
Property, plant, and equipment (net)		1,910		1,820
Other assets		1,540		1,670
Total assets		$13,250		$12,210
Liabilities and Stockholders' Equity
Current Liabilities		$3,277		$3,370
Long-term liabilities		1,280		1,310
Stockholders equity		8,693		7,530
Total liabilities and stockholders' equity		$13,250		$12,210

(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%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021		Increase (Decrease)		Percentage Change from 2021
Assets
Current Assets		$9,800		$8,720		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,910		1,820		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Other assets		1,540		1,670		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total assets		$13,250		$12,210		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,277		$3,370		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Long-term liabilities		1,280		1,310		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Stockholders equity		8,693		7,530		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,250		$12,210		$enter a dollar amount		enter percentages rounded to 1 decimal place 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 May 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$9,800		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,910		enter percentages rounded to 1 decimal place	%
Other assets		1,540		enter percentages rounded to 1 decimal place	%
Total assets		$13,250		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,277		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,280		enter percentages rounded to 1 decimal place	%
Stockholders equity		8,693		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,250		enter percentages rounded to 1 decimal place	%