Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)     2022   2021 Assets         Current Assets   $9,580   $8,770 Property, plant, and equipment (net)   1,810   1,800 Other assets   1,540   1,670 Total assets   $12,930   $12,240 Liabilities and Stockholders' Equity         Current Liabilities   $3,150   $3,320 Long-term liabilities   1,320   1,370 Stockholders’ equity   8,460   7,550 Total liabilities and stockholders' equity   $12,930   $12,240   Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.1%.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Suppose the hypothetical comparative condensed balance sheets of Nike, Inc. are presented here.

NIKE, INC.
Condensed Balance Sheet
May 31
($ in millions)
   
2022
 
2021
Assets
       
Current Assets
 
$9,580
 
$8,770
Property, plant, and equipment (net)
 
1,810
 
1,800
Other assets
 
1,540
 
1,670
Total assets
 
$12,930
 
$12,240
Liabilities and Stockholders' Equity
       
Current Liabilities
 
$3,150
 
$3,320
Long-term liabilities
 
1,320
 
1,370
Stockholders’ equity
 
8,460
 
7,550
Total liabilities and stockholders' equity
 
$12,930
 
$12,240

 

Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.1%.)

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