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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 $10,672
Suppose the comparative balance sheets of Nike, Inc. are as follows. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets $10,672 $9,779 Current Assets Property, plant, and equipment (net) Other assets 2.146 2,074 1,682 1.828 $14,500 $13,681 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,567 $3,614 1,392 1409 Stockholders' equity 9.541 8,658 Total habilities and stockholders' equity $14,500 $13,681 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base of amount and percent the numbers as negative, c.8.-55,000, 20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2021 2022 Increase (Decrease) 2021 Assets Current Assets $10,672 $9.779 $ 893 Property, plant, and equipment (net) 2.146 2,074 72 Other assets 1,682 1,828 (146) % $14,500 $13.681 $ 819 Total assets Liabilities and Stockholders Equity Current Liabilities $3,567 $3614 $ (47) Long-term liabilities 1 392 1.409 Stockholders' equity 9.541 8,658 883 % Total abilities and stockholders' equity $14.500 $13.681 $ 19
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