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Suppose the comparative balance sheets of Nike, Inc. are as follows. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current
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 $9,855 $8,878 Property, plant, and equipment (net) 1,998 1,932 Other assets 1,647 1,812 Total assets $13,500 $12,622 Liabilities and Stockholders' Equity Current Liabilities $3,321 $3,370 Long-term liabilities 1,296 1,313 Stockholders' equity 8,883 7,939 Total liabilities and stockholders' equity $13,500 $12,622 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage 2022 2021 Increase (Decrease) Change from 2021 Assets Current Assets $9,855 $8,878 $ Property, plant, and equipment 1,998 1,932 (net) Other assets 1,647 1,812 Total assets Liabilities and Stockholders' $13,500 $12,622 Equity Current Liabilities $3,321 $3,370 Long-term liabilities 1,296 1,313 Stockholders' equity 8,883 7,939 Total liabilities and stockholders' $13,500 $12,622 equity LA % % % % % % % % (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 $ (in millions) Percent $9,855 1,998 % do % 1,647 % $13,500 % $3,321 % 1,296 % 8,883 % Total liabilities and stockholders' equity $13,500 %
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