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Hypothetical comparative condensed balance sheets of Nike, inc. are presented nere. NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current
Hypothetical comparative condensed balance sheets of Nike, inc. are presented nere. NIKE, INC. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current assets $9,125 $8,172 Property, plant, and equipment (net) 1,825 1,759 Other assets 1,550 1,718 Total assets $12,500 $11,649 Liabilities and Stockholders' Equity $3,100 $3,149 Current liabilities Long-term liabilities Stockholders' equity 1,225 1,240 8,175 7,260 Total liabilities and stockholders' equity $12,500 $11,649 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2021 2022 2021 Assets Current assets $9,125 $8,172 $ % Property, plant, and equipment (net) 1,825 1,759 % Other assets 1,550 1,718 % Total assets $12,500 $11,649 $ % Liabilities and Stockholders' Equity Current liabilities $3,100 $3,149 $ % Long-term liabilities 1,225 1,240 % Stockholders' equity 8,175 7,260 % Total liabilities and stockholders' equity $12,500 $11,649 $ % (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 $9,125 % Property, plant, and equipment (net) 1,825 % Other assets 1,550 % Total assets $12,500 % Liabilities and Stockholders' Equity Current liabilities $3,100 % Long-term liabilities 1,225 % Stockholders' equity 8,175 % Total liabilities and stockholders' equity $12,500 %
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