Hypothetical balance sheets ofNike, Inc.are presented here.

NIKE, INC.

Condensed Balance Sheet

May 31

($ in millions)

2022 2021

Assets

Current Assets

$9,880 $8,810

Property, plant, and equipment (net)

1,940 1,830

Other assets

1,580 1,700

Total assets

$13,400 $12,340

Liabilities and Stockholders' Equity

Current Liabilities

$3,300 $3,390

Long-term liabilities

1,350 1,450

Stockholders' equity

8,750 7,500

Total liabilities and stockholders' equity

$13,400 $12,340

(a)Make 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 Asset $9,880 $8,810 $ %

Property, plant, and equipment (net) 1,940 1,830 %

Other assets 1,580 1,700 $ %

Total assets $13,400 $12,340 $ %

Liabilities and Stockholders' Equity

Current Liabilities $3,300 $3,390 $ %

Long-term liabilities 1,350 1,450 %

Stockholders' equity 8,750 7,500 %

Total liabilities and stockholders' equity $13,400 $12,340 $ %

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

NIKE, INC.

Condensed Balance Sheet

May 31, 2022

$ (in millions) Percent

Assets

Current Assets $9,880 %

Property, plant, and equipment (net) 1,940 %

Other assets 1,580 %

Total assets $13,400 %

Liabilities and Stockholders' Equity

Current Liabilities $3,300 %

Long-term Liabilities 1,350 %

Stockholders' equity 8,750 %

Total liabilities and stockholders' equity $13,400 %