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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 $9,880 1,840 1,530 $8,900 1,800 1,620 $13,250 $12,320 Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,260 1,250 8,740 $13,250 $3,380 1,300 7,640 $12,320 (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 $9,880 $8,900 Property, plant, and equipment (net) 1,840 1,800 Other assets 1,530 1,620 Total assets $13,250 $12,320 Liabilities and Stockholders' Equity Current Liabilities $3,260 $3,380 Long-term liabilities 1,250 1,300 Stockholders' equity 8,740 7,640 Total liabilities and stockholders' equity $13,250 $12,320 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet For the Year Ended May 31, 2022 $ (in millions) Percent Assets Current Assets $9,880 Property, plant, and equipment (net) 1,840 Other assets 1,530 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,260 Long-term Liabilities 1,250 Stockholders' equity 8,740 Total liabilities and stockholders' equity $13,250

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