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 Current Assets $9.500 $8,880 Property, plant, and equipment (net) 1950 1,830 Other assets 1.530 1.640 Total assets $12,980 $12,350 Liabilities and Stockholders' Equity Current Liabilities $3,200 $3.300 Long-term liabilities 1.250 1.270 Stockholders' equity 8.530 7:780 Total liabilities and stockholders' equity $12.980 $12.350 (a) Prepare a horizontal analysis of the balance sheet data for Nike using 2021 as a base. (If amount and percentage are a decrease (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (if amount and percentage are a decrease show the numbers as negative, es-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, es, 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2021 2022 Increase (Decrease) 2021 Assets $9.500 $8,880 1,950 1,830 M * 1,530 1,640 Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities $12.980 $12.350 $3,200 $3,300 $ Long-term liabilities 1.250 1.270 de Long-term liabilities 1.250 1.270 7,780 96 8.530 Stockholders' equity Total liabilities and stockholders equity $12,980 $12,350 96 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent $9,500 Assets Current Assets Property, plant, and equipment (net) Other assets 1.950 1.530 Total assets $12.980 Liabilities and Stockholders' Equity $ (in millions) Percent Assets Current Assets $9,500 1,950 % % % 1,530 $12,980 36 Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity $3,200 % % 1,250 8,530 96 Total liabilities and stockholders' equity $12.980 %