Exercise 13-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,730 $8,880 Property, plant, and equipment (net) 1,870 1,840 Other assets 1,470 1,780 Total assets $13,070 $12,500 Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,330 Long-term liabilities 1,330 1,370 Stockholders equity 8,580 7,800 Total liabilities and stockholders' equity $13,070 $12,500 (a) Prepare a horizontal analysis of the balance sheet data for Marin, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,730 $8,880 $ % Property, plant, and equipment (net) 1,870 1,840 % Other assets 1,470 1,780 % Total assets $13,070 $12,500 $ % Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,330 $ % Long-term liabilities 1,330 1,370 % Stockholders equity 8,580 7,800 % Total liabilities and stockholders' equity $13,070 $12,500 $ % (b) Prepare a vertical analysis of the balance sheet data for Marin for 2017. MARIN INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,730 % Property, plant, and equipment (net) 1,870 % Other assets 1,470 % Total assets $13,070 % Liabilities and Stockholders' Equity Current Liabilities $3,160 % Long-term Liabilities 1,330 % Stockholders equity 8,580 % Total liabilities and stockholders' equity $13,070