Exercise 13-05 a-b Suppose the comparative balance sheets of Tamarisk, Inc., are presented here. TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets $9,600 $8,830 Property, plant, and equipment (net) 2,000 1,900 Other assets 1,5 1,700 Total assets $13,100 $12,430 Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,320 Long-term liabilities 1,200 1,340 Stockholders' equity 8,660 7,770 Total liabilities and stockholders' equity $13,100 $12,430 (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2019 as a ba (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Increase (Decrease) Assets Current Assets $9,600 $8,830 Property, plant, and equipment (net) 2,000 1,900 Other assets 1,500 1,700 earch (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2019 as a base. (If amount and percentage are a decreas (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Increase Change 2020 2019 (Decrease) from 2019 Assets Current Assets $9,600 $8,830 % $ % 2,000 1,900 Property, plant, and equipment (net) % 1,500 1,700 Other assets $13,100 $12,430 96 $ Total assets Liabilities and Stockholders' Equity Current Liabilities 96 $3,240 $3,320 $ % 1,200 1,340 Long-term labilities % 8,660 7,770 Stockholders' equity 96 $13,100 $12,430 $ Total liabilities and stockholders' equity (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. TAMARISK, INC. Condensed Balance Sheet Percent $ (in millions) Total liabilities and stockholders' equity $13,100 $12,430 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. TAMARISK, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,600 % Property, plant, and equipment (net) 2,000 % Other assets 1,500 % Total assets $13,100 % $3,240 % Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity Total liabilities and stockholders' equity 1,200 % 8,660 % $13,100 % Click if you would like to show Work for this question: Open Show Work LINK TO TEXT