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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,510		$8,770
Property, plant, and equipment (net)		1,961		1,800
Other assets		1,580		1,790
Total assets		$13,051		$12,360
Liabilities and Stockholders' Equity
Current Liabilities		$3,228		$3,400
Long-term liabilities		1,261		1,340
Stockholders equity		8,562		7,620
Total liabilities and stockholders' equity		$13,051		$12,360

(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		$9,510		$8,770		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,961		1,800		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Other assets		1,580		1,790		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total assets		$13,051		$12,360		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,228		$3,400		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Long-term liabilities		1,261		1,340		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Stockholders equity		8,562		7,620		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,051		$12,360		$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 For the Year Ended May 31, 2022For the Month Ended May 31, 2022May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$9,510		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,961		enter percentages rounded to 1 decimal place	%
Other assets		1,580		enter percentages rounded to 1 decimal place	%
Total assets		$13,051		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,228		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,261		enter percentages rounded to 1 decimal place	%
Stockholders equity		8,562		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$13,051		enter percentages rounded to 1 decimal place	%

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