NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,630 $8,710 Property, plant, and equipment (net) 2,000 1,950 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 1,350 Stockholders' equity 8,630 7,480 Total liabilities and stockholders' equity $13,160 $12,160 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,630 $8,710 $ Property, plant, and 2,000 1,850 equipment (net) Other assets 1,530 1,600 Total assets $13,160 $12,160 $ 96 96 96 96 Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,330 $ 96 Long-term liabilities 1,290 1,350 96 Stockholders' equity 8,630 7,480 96 Total liabilities and $13,160 $12,160 $ 96 stockholders' equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. Assets NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Current Assets $9,630 96 Property, plant, and equipment (net) 2,000 96 Other assets 1,530 96 Total assets $13,160 Liabilities and Stockholders' Equity Current Liabilities $3,240 96 Long-term Liabilities 1,290 96 Stockholders' equity 8,630 96 Total liabilities and stockholders' equity $13,160 96 eTextbook and Media