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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,500		$8,880
Property, plant, and equipment (net)		1,950		1,830
Other assets		1,530		1,640
Total assets		$12,980		$12,350
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		$3,300
Long-term liabilities		1,250		1,270
Stockholders equity		8,530		7,780
Total liabilities and stockholders' equity		$12,980		$12,350

(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		$9,500		$8,880		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,950		1,830		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Other assets		1,530		1,640		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total assets		$12,980		$12,350		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		$3,300		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Long-term liabilities		1,250		1,270		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Stockholders equity		8,530		7,780		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,980		$12,350		$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 May 31, 2022For the Month Ended May 31, 2022For the Year Ended May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$9,500		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,950		enter percentages rounded to 1 decimal place	%
Other assets		1,530		enter percentages rounded to 1 decimal place	%
Total assets		$12,980		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,200		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,250		enter percentages rounded to 1 decimal place	%
Stockholders equity		8,530		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,980		enter percentages rounded to 1 decimal place	%