NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) ...

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Accounting

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

2022

2021

Assets

Current Assets

$9,760

$8,780

Property, plant, and equipment (net)

2,050

1,840

Other assets

1,520

1,660

Total assets

$13,330

$12,280

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

$3,380

Long-term liabilities

1,230

1,290

Stockholders equity

8,860

7,610

Total liabilities and stockholders' equity

$13,330

$12,280

(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 Year Ended May 31, 2022For the Month Ended May 31, 2022

$ (in millions)

Percent

Assets

Current Assets

$9,760

enter percentages rounded to 1 decimal place

%

Property, plant, and equipment (net)

2,050

enter percentages rounded to 1 decimal place

%

Other assets

1,520

enter percentages rounded to 1 decimal place

%

Total assets

$13,330

enter percentages rounded to 1 decimal place

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

enter percentages rounded to 1 decimal place

%

Long-term Liabilities

1,230

enter percentages rounded to 1 decimal place

%

Stockholders equity

8,860

enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders' equity

$13,330

enter percentages rounded to 1 decimal place

%

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