Prepare a horizontal analysis of the balance sheet data

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Question - 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

Required - Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base.

Reference no: EM133016377

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