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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021
Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,680 $8,760 Property, plant, and equipment (net) 2,040 1,830 Other assets 1,490 1,640 Total assets $13,210 $12,230 Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,310 Long-term liabilities 1,340 1,370 Stockholders' equity 8,710 7,550 Total liabilities and stockholders' equity $13,210 $12,230 Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal p 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 $9.680 % 2,040 % 1,490 % $13,210 % $3.160 % 1,340 % 8.710 % Total liabilities and stockholders' equity $13.210 %
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