LH 13 HOMEWORK Hypothetical balance sheets of Nike, Inc. are presented here. ins ing NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,630 2,000 $8,710 1,850 Property, plant, and equipment (net) Other assets 1,530 1,600 $13,160 $12,160 Total assets Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,330 Long-term liabilities 1,290 1,290 Stockholders' equity 8,630 7,540 $13,160 $12,160 Total liabilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.3. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,630 $8,710 $ Property, plant, and equipment (net) 2,000 1,850 Other assets 1,530 1,600 Total assets $13,160 $12,160 $ Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,330 $ Long-term liabilities 1,290 1,290 Stockholders' equity 8,630 7540 Total liabilities and stockholders' equity $13,160 $12,160 $ (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 $9,630 Property, plant, and equipment (net) 2,000 Other assets 1,530 Total assets $13,160 Liabilities and Stockholders' Equity Il el delete Current Liabilities $3,240 Long-term Liabilities 1,290 Stockholders' equity 8,630 Total liabilities and stockholders' equity $13,160