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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
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 $9,125 $8,172 Property, plant, and equipment (net) 1,825 1,759 Other assets 1,550 1,718 Total assets $12,500 $11,649 Liabilities and Stockholders' Equity Current Liabilities $3,100 $3,149 Long-term liabilities 1,225 1,240 Stockholders' equity 8,175 7,260 Total liabilities and stockholders' equity $12,500 $11,649 (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, es-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%)
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