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NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 20212022 Assets Current Assets $9,800$8,760 Property,plant,andequipment(net)1,9701,800 Other assets Total assets begin{tabular}{llr} $13,3201,550 & & $12,370
NIKE, INC. Condensed Balance Sheet May 31 (\$ in millions) 20212022 Assets Current Assets $9,800$8,760 Property,plant,andequipment(net)1,9701,800 Other assets Total assets \begin{tabular}{llr} $13,3201,550 & & $12,370 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,2941,287$3,3201,350 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.g. 55,000,20% or (55,000), (20\%). Round percentages to 1 decimal place, e.g. 12.5%. (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. Assets Current Assets $9,800 % Property, plant, and equipment (net) 1,970 % Other assets Total assets \begin{tabular}{cl|c} 1,550 & & % \\ & & % \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities $3,294 % Long-term Liabilities 1,287 % Stockholders' equity 8,73913,320 % Total liabilities and stockholders' equity %
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