Exercise 18-05 Suppose the comparative balance sheets of Nike, Inc. are presented here. = Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 $ 9,734 $8,839 1,9581,891 1,558 1,713 $13,250 $12,443 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,277 1,280 8,693 $13,250 $ 3,322 1,296 7,825 $12,443 (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 m preceding the number .g. -45, -45% or parentheses e.g. (45), (45). Round percentages to I decimal place, .g. 12.3%) ons. Er NIKE, INC. Condensed Balance Sheet TE sin millions) 2020 2019 (Decrease) Percentage Change from 2019 Current assets $9,734 58.839 Property, plant & equipment (net) Other assets 1,558 Total Assets $13,250 $12.443 Liabilities and stockholders' Equity Current abilities $3,277 Long term bildes L200 Stockholders' equity 8,693 Total liabilities and Stockholders' Equity $13,250 Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages decimal place 12.30) Condensed Balance Sheet (6) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decim NIKE, INC. Condensed Balance Sheet $(in millions) Percent Assets Current assets $9,734 Property, plant, and equipment (net) (net) 1,958 Other assets 1.558 Total Assets $13,250 Liabilities and Stockholders' Equity Current liabilities $3,277 Long-term liabilities 1,280 Stockholders' equity 8,693 Total liabilities and Stockholders' Equity $13,250 LINK TO TEXT MacBook Air