Hypothetical balance sheets of **Nike, Inc. **are presented here.

**NIKE, INC.****Condensed Balance Sheet****May 31****($ in millions)20222021Assets**Current Assets$9,580$8,770Property, plant, and equipment (net)1,8101,800Other assets1,5401,670Total assets$12,930$12,240**Liabilities and Stockholders’ Equity**Current Liabilities$3,150$3,320Long-term liabilities1,3201,370Stockholders’ equity8,4607,550Total liabilities and stockholders’ equity$12,930$12,240

**(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)20222021Increase****(Decrease)Percentage****Change****from 2021Assets** Current Assets$9,580$8,770$enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Property, plant, and equipment (net)1,8101,800enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Other assets1,5401,670enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Total assets$12,930$12,240$enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %**Liabilities and Stockholders’ Equity** Current Liabilities$3,150$3,320$enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Long-term liabilities1,3201,370enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Stockholders’ equity8,4607,550enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Total liabilities and stockholders’ equity$12,930$12,240$enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place %

**(b)** Prepare a vertical analysis of the balance sheet data for Nike for 2022.

**NIKE, INC.****Condensed Balance Sheet**

choose the accounting period

**$ (in millions)**

**Percent**

**Assets**

Current Assets

$9,580

enter percentages rounded to 1 decimal place

%

Property, plant, and equipment (net)

1,810

enter percentages rounded to 1 decimal place

%

Other assets

1,540

enter percentages rounded to 1 decimal place

%

Total assets

$12,930

enter percentages rounded to 1 decimal place

%

**Liabilities and Stockholders’ Equity**

Current Liabilities

$3,150

enter percentages rounded to 1 decimal place

%

Long-term Liabilities

1,320

enter percentages rounded to 1 decimal place

%

Stockholders’ equity

8,460

enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders’ equity

$12,930

enter percentages rounded to 1 decimal place

%