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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

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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 Assets Current Assets $ 9,630 $8,790 Property, plant, and equipment (net) 2,020 1,860 Other assets 1,540 1,780 Total assets $ 13,190 $12,430 Liabilities and Stockholders' Equity Current Liabilities $3,290 $3,400 Long-term liabilities 1,310 1,350 Stockholders' equity 8,590 7,680 $ 13,190 $ 12.430 Total liabilities and stockholders' equity 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, eg, 12.2%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2021 2022 2021 Assets $9,630 Current Assets $8,790 $ 96 Property, plant, and equipment (net) 2,020 1,860 96 Other assets 1.540 1.780 S % $ 13,190 Total assets 12.430 Liabilities and Stockholders' Equity % $3,290 Current Liabilities $3,400 $ %6 1.310 1.350 Long-term liabilities % Stockholders' equity 8,590 7.680 9 $ Total liabilities and stockholders' equity 13.190 12.430

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