Current Attempt in Progress Suppose the comparative balance sheets of Nike, Inc. are presented here Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 Assets Current assets $ 9,040 Property, plant, and equipment (net) 2,100 Other assets 1,710 2019 $ 8,000 2,000 1,900 $11,900 $12,850 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,069 1,209 8,572 $12,850 $ 3,100 1,300 7,500 $11,900 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current assets $9,040 $8,000 $ % Property, plant & equipment (net) 2,100 2,000 % Other assets 1,710 1,900 % Total Assets $12,850 $11,900 $ % Liabilities and Stockholders' Equity Current liabilities $3,069 $3,100 $ % Long-term liabilities 1,209 1,300 % Stockholders' equity 8,572 7,500 % Total liabilities and Stockholders' Equity $12,850 $11,900 $ % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $9,040 % Property, plant, and equipment (net) 2,100 % Other assets 1,710 % Total Assets $12,850 % Liabilities and Stockholders' Equity Current liabilities $3,069 % Long-term liabilities 1,209 % Stockholders' equity 8,572 % Total liabilities and Stockholders' Equity $12,850 %