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

Instructions 

a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. 

b. Prepare a vertical analysis of the balance sheet data for Nike for 2022.

Transcribed Image Text:

Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2022 2021 Assets $ 9,734 $ 8,839 Current assets Property, plant, and equipment (net) Other assets 1,958 1,558 1,891 1,713 $13,250 Total assets $12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities Stockholders' equity 1,280 8,693 1,296 7,825 Total liabilities and stockholders' equity $13,250 $12,443