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Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,520 $8,800 Property, plant, and equipment (net) 1,990 1,810 Other assets 1,590 1,610 Total assets $13,100 $12,220 Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,380 Long-term liabilities 1,260 1,340 Stockholders' equity 8,620 7,500 Total liabilities and stockholders' equity $13,100 $12,220 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,520 Property, plant, and equipment (net) 1,990 Other assets 1,590 Total assets $13,100 Liabilities and Stockholders' Equity Current Liabilities $3,220 Long-term Liabilities 1,260 Stockholders' equity 8,620 Total liabilities and stockholders' equity $13,100 Click if you would like to Show Work for this question: Open Show Work

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