Question

Hypothetical balance sheets of Nike, Inc. are presented here. 

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)

 (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, e.g. -55,000, -20% or (55,000).(20%). Round percentages to 1 decimal place, eg. 12.5%.) 

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets

NIKE, INC. Condensed Balance Sheet $ (in millions) 

Answer 1