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Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880

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Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,900 Property, plant, and equipment (net) 1,840 1,800 Other assets 1,530 1,620 Total assets $13,250 $12,320 Liabilities and Stockholders' Equity Current Liabilities $3,260 $3,380 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,250 1,300 2 740 7,640 $13,250 $12,320 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percen NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,880 $8,900 $ Property, plant, and equipment (net) 1,840 1,800 Other assets 1,530 1,620 Total assets $13,250 $12,320 $ Liabilities and Stockholders Equity Current Liabilities $3,260 $3,380 $ Long-term liabilities 1.250M 1,300 Stockholders' equity 8,740 7640 Total liabilities and stockholders' equity $13,250 $12,320 $ NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,880 Property, plant, and equipment (net) 1,840 Other assets 1,530 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,260 Long-term Liabilities 1.250 Stockholders' equity 8,740 Total liabilities and stockholders' equity $13,250

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