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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. 2021 NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022
Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. 2021 NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 Assets Current Assets $9,500 Property, plant, and equipment (net) 1,900 Other assets 1,450 Total assets $12,850 Liabilities and Stockholders' Equity Current Liabilities $3,150 Long-term liabilities 1,200 Stockholders' equity 8,500 Total liabilities and stockholders' equity $12,850 $8,700 1,800 1,600 $12,100 $3,300 1,290 7,510 $12,100 Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.2%) NIKE, INC Condensed Balance Sheet May 31 ($ in millions) Percentage Change 2022 (Decrease) Increase 2021 from 2021 Assets $9,500 $8,700 $ % 1.900 1.800 % 1,450 1,600 96 $12,850 $12.100 $ Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,150 $3,300 $ X 1.200 1,290 % 8.500 7.510 96 $12,850 $12.100 $ X
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