Hypothetical balance sheets ofNike, Inc.are presented here.

NIKE, INC.

Condensed Balance Sheet

May 31

($ in millions)

2022

2021

Assets

Current Assets

$9,500

$8,700

Property, plant, and equipment (net)

1,900

1,800

Other assets

1,450

1,600

Total assets

$12,850

$12,100

Liabilities and Stockholders' Equity

Current Liabilities

$3,178

$3,300

Long-term liabilities

1,241

1,290

Stockholders' equity

8,431

7,510

Total liabilities and stockholders' equity

$12,850

$12,100

Prepare horizontal analysis of the balance sheet data for Nike, using 2021 as a base.

Prepare vertical analysis of the balance sheet data for Nike for 2022.