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		$8,880		$8,048
Property, plant, and equipment (net)		1,776		1,712
Other assets		1,344		1,496
Total assets		$12,000		$11,256
Liabilities and Stockholders' Equity
Current Liabilities		$2,976		$3,022
Long-term liabilities		1,152		1,167
Stockholders equity		7,872		7,067
Total liabilities and stockholders' equity		$12,000		$11,256

(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)
		2022		2021		Increase (Decrease)		Percentage Change from 2021
Assets
Current Assets		$8,880		$8,048		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,776		1,712		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Other assets		1,344		1,496		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total assets		$12,000		$11,256		$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$2,976		$3,022		$enter a dollar amount		enter percentages rounded to 1 decimal place	%
Long-term liabilities		1,152		1,167		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Stockholders equity		7,872		7,067		enter a dollar amount		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,000		$11,256		$enter a total amount for this part of the balance sheet		enter percentages rounded to 1 decimal place	%

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC. Condensed Balance Sheet choose the accounting period For the Month Ended May 31, 2022For the Year Ended May 31, 2022May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$8,880		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,776		enter percentages rounded to 1 decimal place	%
Other assets		1,344		enter percentages rounded to 1 decimal place	%
Total assets		$12,000		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$2,976		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,152		enter percentages rounded to 1 decimal place	%
Stockholders equity		7,872		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,000		enter percentages rounded to 1 decimal place	%