Exercise 14-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 8,989 Current assets $ 8,900 Property, plant, and equipment (net) 1,768 1,700 Other assets 1,800 1,710 Total assets $12,467 $12,400 Liabilities and Stockholders' Equity $ 3,100 $ 3,069 Current liabilities Long-term liabilities 1,261 1,300 Stockholders' equity 8,137 8,000 Total liabilities and stockholders' equity $12,467 $12,400 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 Increase (Decrease) 2019 2020 Assets 89 $8,900 $8,989 Current assets 68 1,700 1,768 Property, plant & equipment (net) 1,800 -90 1,710 Other assets 67 $12,400 $12,467 Total Assets % Liabilities and Stockholders' Equity -31 $3,100 $3,069 Current liabilities % -39 1,300 1,261 Long-term liabilities ,000 137 8,137 % Stockholders' equity 67 $12,400 $12,467 Total liabilities and Stockholders' Equity 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 May 31, 2020 $ (in millions) Percent Assets $8,989 Current assets 1,768 Property, plant, and equipment (net) Other assets 1,710 % $12,467 Total Assets Liabilities and Stockholders' Equity $3,069 Current liabilities 1,261 Long-term liabilities 8,137 Stockholders' equity Total liabilities and Stockholders' Equity $12,467