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Question 3 of 7 View Policies Current Attempt in Progress Suppose the comparative balance sheets of Nike, Inc. are as follows. NIKE, INC. Condensed
Question 3 of 7 View Policies Current Attempt in Progress Suppose the comparative balance sheets of Nike, Inc. are as follows. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,464 $8,554 Property, plant, and equipment (net) 1,924 1,862 Other assets 1,612 1,757 Total assets $13,000 $12,173 Liabilities and Stockholders' Equity Current Liabilities $3,198 $3,242 Long-term liabilities 1,274 1,291 Stockholders' equity 8,528 7,640 Total liabilities and stockholders' equity $13,000 $12,173 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base the numbers as negative, eg. -55,000, -20% or (55,000), (20%). Round percentages to 1 decim NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
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