(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 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, e.g. 12.1%.)

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2020.

Suppose the comparative balance sheets of Nike, Inc. are presented here. 2019 NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 Assets Current Assets $9,734 Property, plant, and equipment (net) 1,958 Other assets 1,558 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,277 Long-term liabilities 1,280 Stockholders' equity 8,693 Total liabilities and stockholders' equity $13,250 $8,839 1,891 1,713 $12,443 $3,322 1,296 7,825 $12,443 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 2020 Increase (Decrease) 2019 Assets Current Assets $9,734 $8.839 $ 1,958 1,891 % Property, plant, and equipment (net) Other assets 1,558 1.713 % Total assets $13,250 $12,443 $ % Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,322 $ % Long-term liabilities 1,280 1,296 % 8,693 7,825 % Stockholders' equity Total liabilities and stockholders' equity $13,250 $12,443 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,734 % Property, plant, and equipment (net) 1,958 % Other assets 1,558 % $13,250 % Total assets Liabilities and Stockholders' Equity Current Liabilities $3,277 % Long-term Liabilities 1,280 % Stockholders' equity 8,693 % Total liabilities and stockholders' equity $13,250 %