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Suppose the comparative balance sheets of Nike, Inc. are as follows. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,734 $8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $13,250 $12.443 Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,322 Long-term liabilities 1,280 1,296 Stockholders' equity 8,693 7,825 Total liabilities and stockholders' equity $13.250 $12,443 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2021 Increase (Decrease) 2022 2021 Assets Current Assets $9.734 $8,839 $ % Property, plant, and equipment (net) 1,958 1,891 % Other assets 1,558 1,713 % Property, plant, and equipment (net) 1,958 1.891 % Other assets 1,558 1,713 % Total assets $13,250 $12.443 % Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,322 $ % Long-term liabilities 1.280 1.296 % Stockholders' equity 8,693 7,825 % Total liabilities and stockholders' equity $13,250 $12,443 $ % (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 $9.734 % Property, plant, and equipment (net) 1,958 % Other assets 1,558 % Total assets $13,250 % Liabilities and Stockholders' Equity Current Liabilities $3,277 % Long-term Liabilities 1.280 % Stockholders' equity 8,693 % Total liabilities and stockholders' equity $13,250 % Property, plant, and equipment (net) 1,958 1.891 % Other assets 1,558 1,713 % Total assets $13,250 $12.443 % Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,322 $ % Long-term liabilities 1.280 1.296 % Stockholders' equity 8,693 7,825 % Total liabilities and stockholders' equity $13,250 $12,443 $ % (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 $9.734 % Property, plant, and equipment (net) 1,958 % Other assets 1,558 % Total assets $13,250 % Liabilities and Stockholders' Equity Current Liabilities $3,277 % Long-term Liabilities 1.280 % Stockholders' equity 8,693 % Total liabilities and stockholders' equity $13,250 %

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