Question
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets
Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,630 $8,710 Property, plant, and equipment (net) 2,000 1,850 Other assets 1,530 1,600 Total assets $13,160 $12,160 Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,330 Long-term liabilities 1,290 1,350 Stockholders' equity 8,630 7,540 Total liabilities and stockholders' equity $13,160 $12,160 (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%.)
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