Accounting:balance sheets of Nike, Inc.

balance sheets of Nike, Inc. are presented here.

NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
2022
2021
Assets
Current Assets
$9,600
$8,830
Property, plant, and equipment (net)
2,000
1,900
Other assets
1,500
1,700
Total assets
$13,100
$12,430
Liabilities and Stockholders’ Equity
Current Liabilities
$3,240
$3,320
Long-term liabilities
1,200
1,340
Stockholders’ equity
8,660
7,770
Total liabilities and stockholders’ equity
$13,100
$12,430

(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
$9,600
$8,830
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Property, plant, and equipment (net)
2,000
1,900
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Other assets
1,500
1,700
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Total assets
$13,100
$12,430
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Liabilities and Stockholders’ Equity
Current Liabilities
$3,240
$3,320
$enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Long-term liabilities
1,200
1,340
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Stockholders’ equity
8,660
7,770
enter a dollar amount
enter percentages rounded to 1 decimal place rounded to 1 decimal place
%
Total liabilities and stockholders’ equity
$13,100
$12,430
$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
$9,600
enter percentages rounded to 1 decimal place
%
Property, plant, and equipment (net)
2,000
enter percentages rounded to 1 decimal place
%
Other assets
1,500
enter percentages rounded to 1 decimal place
%
Total assets
$13,100
enter percentages rounded to 1 decimal place
%
Liabilities and Stockholders’ Equity
Current Liabilities
$3,240
enter percentages rounded to 1 decimal place
%
Long-term Liabilities
1,200
enter percentages rounded to 1 decimal place
%
Stockholders’ equity
8,660
enter percentages rounded to 1 decimal place
%
Total liabilities and stockholders’ equity
$13,100
enter percentages rounded to 1 decimal place
%