QuestionSoflO G > -/1 View Policies Current Attempt in Progress Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,680 $8,760 Property, plant, and equipment (net) 2040 1,830 Other assets 1,490 1,640 Total assets $13,210 $12,230 Liabilities and Stockholders' Equity Current Liabilities $3,267 $3,310 Long-term liabilities 1,276 1,370 Stockholders' equity 8,667 7,550 Total liabilities and stockholders' equity $13,210 $12,230 ('3) Prepare a horizontal analysis ofthe balance sheet data for Nike. using 2021 as a base. (if amount and percentage are a decrease show Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Longterm liabilities Stockholders' equity Total liabilities and stockholders' equity Condensed Balance Sheet May 31 ($ in millions) Increase Percentage 2022 2021 (Decrease) Change from 2021 $9,680 $8,760 $ % 2,040 1,830 % 1,490 1,640 % $13,210 $12,230 $ % $3,267 $3,310 $ % 1,276 1,370 % 8,667 7,550 % $13,210 $12,230 $ % (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 $9,680 % Property, plant, and equipment (net) 2,040 % Other assets 1,490 % Total assets $13,210 % Liabilities and Stockholders' Equity Current Liabilities $3,267 % Long-term Liabilities 1,276 % Stockholders' equity 8,667 % Total liabilities and stockholders' equity $13,210 %