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Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current assets $ 9,840 $ 8,200 Property, plant, and equipment (net) 1,802 1,700 Other assets 1,615 1,700 Total assets $13,257 $11,600 Liabilities and Stockholders' Equity Current liabilities $3,366 $ 3,400 Long-term liabilities 1,344 1,400 Stockholders' equity 8,547 6,800 Total liabilities and stockholders' equity $13,257 $11,600 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) Increase (Decrease) Percentage Change from 2021 2022 2021 Assets Current assets $9,840 $8,200 $ Property, plant & equipment (net) 1,802 1,700 Other assets 1,615 1,700 Total Assets $13,257 $11,600 $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current liabilities $3,366 $3,400 $ Long-term liabilities 1,344 1,400 Stockholders' equity 8,547 6,800 Total liabilities and Stockholders' Equity $13,257 $11,600 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $9,840 % Property, plant, and equipment (net) 1,802 % Other assets 1,615 % Total Assets $13,257 % Liabilities and Stockholders' Equity Current liabilities $3,366 % Liabilities and Stockholders' Equity Current liabilities $3,366 % Long-term liabilities 1,344 % Stockholders' equity 8,547 % Total liabilities and Stockholders' Equity $13,257 %

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