*Exercise 13-05 Your answer is partially correct. Try again. Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 (s in millions) 2022 2021 Assets $9,880 1.940 1,580 $13,400 58,810 1,830 1,700 S12 340 Current Assets Property, plant, and equipment (net) Other assets Total assets Ilabilities and Stockholders' Fquity Current Liabilities Long-term abiities Stockholders' equity Total liabilities and stockholders' equity $3,300 1,250 8.750 $3,300 1,290 7.750 $13,400 12.340 (a) Prepare a horzontal analysis of the balance sheet data for Nike, using 2021 as a base. (if amount and percentage are a decrease show the numbers as negative, c.g.-55,000, -20% or (55,000), (20%). Round percentages to I decimal place, c.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,550 $5,810 Property, plant, and equipment (net) 1,940 1,830 Otelsels 1,560 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current liabilities $3,300 $3,300 Long-term labilities 1,250 1,290 Stockholders' equity 8,750 7.750 1000 1060 C Total abilities and stockholders' equity $13,400 $12,340 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022 NIKE, INC Condensed Balance Sheet May 31, 2022 $(in millions) Percent Aucts Current Assets $9,880 Property, plant, and equipment (net) G Odverts 1.580 Total $13,400 Liabilities and Stockholders' Equity Current L es $3,300 Long-term Liabilities 1,750 Stockholders' equity 8,750 Total liabilties and stockholders equity $13,400 100.0