View Policies Current Attempt in Progress 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 $9,275 $8,414 Property, plant, and equipment (net) 1,850 1,786 Other assets 1,375 1,515 Total assets $12,500 $11,715 Liabilities and Stockholders' Equity Current Liabilities $3,125 $3,167 Long-term liabilities 1,225 1,242 Stockholders' equity 8,150 7,306 Total liabilities and stockholders' equity $12,500 $11,715 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, eg.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%.) the numbers as negative, .. 2070 Or (5) 2070). to I decimal NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2021 2022 2021 Assets Current Assets $9,275 $8,414 $ % Property, plant, and equipment (net) 1,850 1,786 % Other assets 1,375 1,515 % Total assets $12,500 $11,715 $ % Liabilities and Stockholders' Equity Current Liabilities $3,125 $3,167 $ % Long-term liabilities 1,225 1,242 % Stockholders' equity 8,150 7,306 % Total liabilities and stockholders' equity $12,500 $11,715 $ % Budget Actual Sales in Units 8,400 8,400 Variable Expenses Sales Commissions $ $ $ Advertising Expense Travel Expense Free Samples Total Variable Expenses Total Fixed Expenses Fixed Expenses Rent Sales Salaries Office Salaries Depreciation-Sales Staff Autos Total Fixed Expenses A $