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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

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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 $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 $ % 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 $ % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,760 % Property, plant, and equipment (net) 2,050 % Other assets 1,520 % Total assets $13,330 % Liabilities and Stockholders' Equity Current Liabilities $3,240 % Long-term Liabilities 1.230 % Stockholders' equity 8,860 % Total liabilities and stockholders' equity $13,330 %

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