Hypothetical balance sheets of Nike, Inc. are presented here.NIKE, INC.Condensed Balance SheetMay 31($ in millions)20222021AssetsCurrent Assets$9,600$8,790Property, plant, and equipment (net)1,8101,800Other assets1,5801,710Total assets$12,990$12,300Liabilities and Stockholders EquityCurrent Liabilities$3,170$3,300Long-term liabilities1,2301,390Stockholdersâ equity8,5907,610Total liabilities and stockholders equity$12,990$12,300(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
NIKE, INC.Condensed Balance SheetMay 31($ in millions)20222021Increase(Decrease)PercentageChangefrom 2021Assets Current Assets$9,600$8,790$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 amountenter percentages rounded to 1 decimal place rounded to 1 decimal place% Other assets1,5801,710enter a dollar amountenter percentages rounded to 1 decimal place rounded to 1 decimal place% Total assets$12,990$12,300$enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place%Liabilities and Stockholders Equity Current Liabilities$3,170$3,300$
enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place% Long-term liabilities1,2301,390enter a dollar amountenter percentages rounded to 1 decimal place rounded to 1 decimal place% Stockholdersâ equity8,5907,610enter a dollar amountenter percentages rounded to 1 decimal place rounded to 1 decimal place% Total liabilities and stockholders equity$12,990$12,300$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 Sheetchoose the accounting period May 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022$ (in millions)PercentAssets Current Assets$9,600enter percentages rounded to 1 decimal place% Property, plant, and equipment (net)1,810enter percentages rounded to 1 decimal place% Other assets1,580enter percentages rounded to 1 decimal place%Total assets$12,990enter percentages rounded to 1 decimal place%Liabilities and Stockholders Equity Current Liabilities$3,170enter percentages rounded to 1 decimal place% Long-term Liabilities1,230enter percentages rounded to 1 decimal place% Stockholdersâ equity8,590enter percentages rounded to 1 decimal place%Total liabilities and stockholders equity$12,990enter percentages rounded to 1 decimal place%