Hypothetical comparative condensed 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. (Show the amount of increase or decrease as well.)

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

Transcribed Image Text:

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