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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 $9,760

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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

2022

2021

Assets

Current Assets

$9,760

$8,780

Property, plant, and equipment (net)

2,050

1,840

Other assets

1,520

1,660

Total assets

$13,330

$12,280

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

$3,380

Long-term liabilities

1,230

1,290

Stockholders equity

8,860

7,610

Total liabilities and stockholders' equity

$13,330

$12,280

(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%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

2022

2021

Increase (Decrease)

Percentage Change from 2021

Assets

Current Assets

$9,760

$8,780

$enter a dollar amount

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

%

Property, plant, and equipment (net)

2,050

1,840

enter a dollar amount

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

%

Other assets

1,520

1,660

enter a dollar amount

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

%

Total assets

$13,330

$12,280

$enter a dollar amount

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

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

$3,380

$enter a dollar amount

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

%

Long-term liabilities

1,230

1,290

enter a dollar amount

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

%

Stockholders equity

8,860

7,610

enter a dollar amount

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

%

Total liabilities and stockholders' equity

$13,330

$12,280

$enter a dollar amount

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

%

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