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 1,850 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 1,350 Stockholders' equity 8,630 7,480 Total liabilities and stockholders' equity $13,160 $12,160 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,630 $8,710 $ 920 Property, plant, and equipment 2,000 1,850 50 1046 % % (net) Other assets 1,530 1,600 70 Total assets $13,160 $12,160 S 1000 % Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,330 $ 90 Long-term liabilities 1,290 1,350 60 Stockholders' equity 8,630 7,480 1150 Total liabilities and stockholders' equity $13,160 S $12.160 1000 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity Total liabilities and stockholders' equity $ (in millions) Percent $9,630 % 2,000 % 1,530 % $13,160 % se $3,240 % 1,290 % 8,630 % $13,160