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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. uppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented

Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.

uppose 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

$9,600

$8,730

Property, plant, and equipment (net)

1,910

1,830

Other assets

1,470

1,620

Total assets

$12,980

$12,180

Liabilities and Stockholders' Equity

Current Liabilities

$3,200

$3,370

Long-term liabilities

1,310

1,330

Stockholders equity

8,470

7,480

Total liabilities and stockholders' equity

$12,980

$12,180

Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.1%.)

NIKE, INC. Condensed Balance Sheet choose the accounting period May 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022

$ (in millions)

Percent

Assets

Current Assets

$9,600

enter percentages rounded to 1 decimal place

%

Property, plant, and equipment (net)

1,910

enter percentages rounded to 1 decimal place

%

Other assets

1,470

enter percentages rounded to 1 decimal place

%

Total assets

$12,980

enter total percentages rounded to 1 decimal place

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,200

enter percentages rounded to 1 decimal place

%

Long-term Liabilities

1,310

enter percentages rounded to 1 decimal place

%

Stockholders equity

8,470

enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders' equity

$12,980

enter total percentages rounded to 1 decimal place

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