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Prepare a horizontal analysis of the balance sheet data

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Reference no: EM132913877

Hypothetical balance sheets of Nike, Inc. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

                                                                                2022                            2021

Assets

Current Assets                                               $9,510                 $8,770

Property, plant, and equipment (net)                    1,961                1,800

Other assets                                                     1,580              1,790

Total assets                                                       $13,051          $12,360

Liabilities and Stockholders' Equity

Current Liabilities                                                $3228               $3400

Long-term liabilities                                              1,261               1,340

Stockholders' equity                                              8562                7620

Total liabilities and Stockholders' equity                    $13,051           $12,360

Problem (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base.

Reference no: EM132913877

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