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

NIKE, INC.

Condensed Balance Sheet

May 31

($ in millions)

2022 2021

Assets

Current Assets $9,500 $8,880

Property, plant, and equipment (net) 1,950 1,830

Other assets 1,530 1,640

Total assets $12,980 $12,350

Liabilities and Stockholders' Equity

Current Liabilities $3,200 $3,300

Long-term liabilities 1,250 1,270

Stockholders' equity 8,530 7,780

Total liabilities and stockholders' equity $12,980 $12,350

(a) Develop 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 $9,500 $8,880 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Property, plant, and equipment (net) 1,950 1,830 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Other assets 1,530 1,640 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Total assets $12,980 $12,350 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Liabilities and Stockholders' Equity

Current Liabilities $3,200 $3,300 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Long-term liabilities 1,250 1,270 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Stockholders' equity 8,530 7,780 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

Total liabilities and stockholders' equity $12,980 $12,350 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

(b) Develop a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC.

Condensed Balance Sheet

choose the accounting periodMay 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022

$ (in millions) Percent

Assets

Current Assets $9,500 enter percentages rounded to 1 decimal place %

Property, plant, and equipment (net) 1,950 enter percentages rounded to 1 decimal place %

Other assets 1,530 enter percentages rounded to 1 decimal place %

Total assets $12,980 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 1,250 enter percentages rounded to 1 decimal place %

Stockholders' equity 8,530 enter percentages rounded to 1 decimal place %

Total liabilities and stockholders' equity $12,980 enter percentages rounded to 1 decimal place %

Hypothetical balance sheets ofNike, Inc.are presented here.

NIKE, INC.

Condensed Balance Sheet

May 31

($ in millions)

2022

2021

Assets

Current Assets

$9,500

$8,880

Property, plant, and equipment (net)

1,950

1,830

Other assets

1,530

1,640

Total assets

$12,980

$12,350

Liabilities and Stockholders' Equity

Current Liabilities

$3,200

$3,300

Long-term liabilities

1,250

1,270

Stockholders' equity

8,530

7,780

Total liabilities and stockholders' equity

$12,980

$12,350

(a)Develop 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

$9,500

$8,880

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Property, plant, and equipment (net)

1,950

1,830

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Other assets

1,530

1,640

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Total assets

$12,980

$12,350

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,200

$3,300

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Long-term liabilities

1,250

1,270

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Stockholders' equity

8,530

7,780

enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

Total liabilities and stockholders' equity

$12,980

$12,350

$enter a dollar amount

enter percentages rounded to 1 decimal place rounded to 1 decimal place

%

(b)Develop a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC.

Condensed Balance Sheet

choose the accounting periodMay 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022

$ (in millions)

Percent

Assets

Current Assets

$9,500

enter percentages rounded to 1 decimal place

%

Property, plant, and equipment (net)

1,950

enter percentages rounded to 1 decimal place

%

Other assets

1,530

enter percentages rounded to 1 decimal place

%

Total assets

$12,980

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

1,250

enter percentages rounded to 1 decimal place

%

Stockholders' equity

8,530

enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders' equity

$12,980

enter percentages rounded to 1 decimal place

%

Hey I'm sorry if the formatting is am issue. Both problems are the same I just tried different formats and attached screenshots?