Question 1 of 3 -/1 View Policies Current Attempt in Progress Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $ 9,640 $8,720 Property, plant, and equipment (net) 2,010 1,840 Other assets 1,450 1,730 Total assets $ 13,100 $ 12,290 Liabilities and Stockholders' Equity Current Liabilities $ 3,240 $ 3,340 Long-term liabilities 1,265 1,340 Stockholders' equity 8,595 7,610 Total liabilities and stockholders' equity $ 13,100 $ 12,290 (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, eg. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $ % 9,640 8,720 Property, plant, and equipment (net) 2,010 1,840 % Other assets 1,450 1,730 % Total assets $ 13,100 $ 12,290 $ % Liabilities and Stockholders' Equity Current Liabilities $ % 3,240 3,340 Long-term liabilities 1,265 1,340 % Stockholders' equity 8,595 7,610 % Total liabilities and stockholders' equity $ 13,100 $ 12,290 $ % (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 $ 9,640 % Property, plant, and equipment (net) 2,010 % Other assets 1,450 % Total assets $ 13,100 % Liabilities and Stockholders' Equity Current Liabilities $3,240 % Long-term Liabilities 1,265 % Stockholders' equity 8,595 % Total liabilities and stockholders' equity $ 13,100 %