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

Instructionsa. Prepare a horizontal analysis of the balance sheet data for Nike, using 2024 as a base. (Show the amount of increase or decrease as well.)b. Prepare a vertical analysis of the balance sheet data for Nike for 2025.

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Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 2025 $ 9,734 1,958 1,558 $13,250 $ 3,277 1,280 8,693 $13,250 2024 $ 8,839 1,891 1,713 $12,443 $ 3,322 1,296 7,825 $12,443