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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,670		$8,740
Property, plant, and equipment (net)		1,900		1,850
Other assets		1,590		1,690
Total assets		$13,160		$12,280
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		$3,320
Long-term liabilities		1,270		1,320
Stockholders equity		8,690		7,640
Total liabilities and stockholders' equity		$13,160		$12,280

(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		$9,670		$8,740		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,900		1,850		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Other assets		1,590		1,690		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total assets		$13,160		$12,280		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		$3,320		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Long-term liabilities		1,270		1,320		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Stockholders equity		8,690		7,640		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,160		$12,280		$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		$9,670		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,900		enter percentages rounded to 1 decimal place	%
Other assets		1,590		enter percentages rounded to 1 decimal place	%
Total assets		$13,160		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,270		enter percentages rounded to 1 decimal place	%
Stockholders equity		8,690		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,160		enter percentages rounded to 1 decimal place	%