Question

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

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,600		$8,730
Property, plant, and equipment (net)		1,910		1,830
Other assets		1,470		1,620
Total assets		$12,980		$12,180
Liabilities and Stockholders' Equity
Current Liabilities		$3,210		$3,370
Long-term liabilities		1,254		1,330
Stockholders’ equity		8,516		7,480
Total liabilities and stockholders' equity		$12,980		$12,180

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2022.

NIKE, INC. Condensed Balance Sheet choose the accounting period                                                           May 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$9,600		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,910		enter percentages rounded to 1 decimal place	%
Other assets		1,470		enter percentages rounded to 1 decimal place	%
Total assets		$12,980		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,210		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,254		enter percentages rounded to 1 decimal place	%
Stockholders’ equity		8,516		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,980		enter percentages rounded to 1 decimal place	%