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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

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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 Assets $10,643 $9,762 Property, plant, and equipment (net) 2,146 2,075 Other assets 1,711 1,870 Total assets $14,500 $13,707 Liabilities and Stockholders' Equity Current Liabilities $3,625 $3,673 Long-term liabilities 1.392 1,407 Stockholders' equity 9.483 8,627 Total liabilities and stockholders' equity $14,500 $13,707 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20% ). Round percentages to 1 decimal place, e.g. 12.1%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $10,643 $9,762 $ Property, plant, and equipment 2,146 2,075 (net) Other assets 1.711 1,870) Total assets $14,500 $13,707 $ Liabilities and Stockholders' Increase (Decrease) Percentage Change from 2021 % Equity Current Liabilities $3,625 $3,673 $ % Long-term liabilities 1,392 1,407 % Stockholders' equity 9.483 8,627 Total liabilities and stockholders' $14,500 $13,707 $ equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet Assets $ (in millions) Percent Current Assets $10,643 % Property, plant, and equipment (net) 2,146 % Other assets 1,711 % Total assets $14,500 % Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity $3,625 % 1,392 % 9,483 % Total liabilities and stockholders' equity $14,500 %

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