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6:30 PM Sat Mar 13 11% assessment.education.wiley.com Project Three: Horizontal and Vertical Analysis Question 1 of 3 - /1 Equity Current $3,200 $3,320 to Liabilities Long-term 1,270 1,320 liabilities Stockholders' 8,690 7,640 equity Total liabilities and stockholders' $13,160 $12,280 $ % equity (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 $9,670 Property, plant, and equipment (net) 1,900 Other assets 1,590 Total assets $13,160 Liabilities and Stockholders' Equity Current Liabilities $3,200 Long-term Liabilities 1,270 Stockholders' equity 8,690 Total liabilities and stockholders' equity $13,160 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer6:29 PM Sat Mar 13 11% assessment.education.wiley.com Project Three: Horizontal and Vertical Analysis Question 1 of 3 - 11 3 percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Increase 2022 2021 Change (Decrease) from 2021 Assets Current Assets $9,670 $8,740 $ Property, plant, and equipment 1,900 1,850 % (net Other assets 1,590 1,690 Total assets $13,160 $12,280 $ Liabilities and Stockholders' Equity Current $3,200 $3,320 $ Liabilities Long-term 1,270 1,320 liabilities Stockholders' 8,690 7,640 equity Total liabilities and stockholders' $13,160 $12,280 $ equity (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 $96706:29 PM Sat Mar 13 11% AA assessment.education.wiley.com + i Home | iCampus Bb Week 10 - ACC55604... W NWP Assessment Play... x W NWP Assessment Play... - Project Three: Horizontal and Vertical Analysis Question 1 of 3