*Exercise 13-5 Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 Assets Current Assets $9,710 $8,720 Property, plant, and equipment (net) 1,940 1,870 Other assets 1,500 1,690 Total assets $13,150 $12,280 Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,330 Long-term liabilities 1,330 1,380 Stockholders' equity 8,600 7,570 Total liabilities and stockholders' equity $13,150 $12,280 (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2016 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%.) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 490% Assets 74760 $ Current Assets $9,710 - $8,720 990 2.0 % Property, plant, and equipment (net) 1,940 - 1,870 70 % 4.0 3.0 Other assets 1,500 1,690 (190) % $ Total assets $13,150 - $12,280 870 1.0 % Liabilities and Stockholders' Equity $ Current Liabilities $3,220 $3,330 % (110) 3.0 Long-term liabilities 1,330 1,380 % Stockholders' equity 8,600 - 7,570 (50) 1030 40 112.0 % Total liabilities and stockholders' equity $ $13,150 $12,280 70 % 870 (b) Prepare a vertical analysis of the balance sheet data for Splish Brothers for 2017. SPLISH BROTHERS INC. Condensed Balance Sheet $ (in millions) Percent 9710/ Assets 13150 Current Assets $9,710 % Property, plant, and equipment (net) 1,940 74.0 14.8 11.4 % Other assets 1,500 % Total assets $13,150 % 100 Liabilities and Stockholders' Equity 3,220/13150 Current Liabilities $3,220 % Long-term Liabilities 1,330 % 245 10.11 65.3 Stockholders' equity 8,600 % Total liabilities and stockholders' equity $13,150 100 % Question Attempts: 0 of 3 used