Project Three: Horizontal and Vertical Analysis Question 1 of 3 -/1 TIT View Policies Current Attempt in Progress Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets $8.720 $9,800 1,910 1,820 1,670 1,540 $13,250 $12,210 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 $3,370 $3,277 1,280 8,693 $13,250 1,310 7,530 $12,210 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (if amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,800 $8,720 $ % 1,910 1,820 % Property, plant, and equipment (net) Other assets 1,540 1,670 % Total assets $13,250 $12,210 $ % Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,370 $ % Long-term liabilities 1,280 1,310 % Stockholders' equity 8,693 7,530 % Total liabilities and stockholders' equity $13,250 $12,210 $ % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,800 Property, plant, and equipment (net) 1,910 Other assets 1,540 % Total assets $13,250 % Liabilities and Stockholders' Equity Current Liabilities $3,277 % Long-term Liabilities 1,280 % Stockholders' equity 8,693 % Total liabilities and stockholders' equity $13,250 % e Textbook and Media Save for Later Attempts: 0 of 3 used Submit