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Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current assets $10,179 $8,700 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total assets $13,473 $12,300 Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and stockholders' equity $13,473 $12,300 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number eg.-45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%) NIKE, INC. Condensed Balance Sheet ($ in millions) Increase (Decrease) Percentage Change from 202 2022 2021 Assets Current assets $10,179 $8,700 $ Property, plant & equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total Assets $13,473 $12,300 $ Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 $ Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and Stockholders' Equity $13,473 $12,300 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet Assets Current assets $ (in millions) Percent $10,179 Property, plant, and equipment (net) 1,890 % Other assets 1,404 % Total Assets $13,473 % Liabilities and Stockholders' Equity % $3,564 1,344 % 8,565 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and Stockholders' Equity $13,473 eTextbook and Media
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