Exercise 18-05 Suppose the comparative balance sheets of Nilke, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($in millions) 2020 2019 Assets $ 9,840 $ 8,200 Current assets Property, plant, and equipment (net) 1,700 1,802 Other assets 1,615 1,700 Total assets $13,257 $11,600 Liabilities and Stockholders' Equity Current liabilities $3,366 $3,400 Long-term liabilities 1,344 1,400 Stockholders' equity 8,547 6,800 Total liabilities and stockholders' equity $13,257 $11,600 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a bas and percentages using either a negative sign preceding the number e.g. -45 NIKE, INC Condensed Balance Sheet CALCULATORI HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VEASION BACK and percentages using elther a negative sign preceding the number e.g.-45,-45% or parentheses e.g. (45), (45% ) . Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC Condensed Balance Sheet ($ In millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current assets $9,840 $8,200 Property, plant & equipment (net) 1,802 1,700 Other assets 1,615 1,700 Total Assets $13,257 $11,600 S Liabilities and Stockholders Equity Current liabilities $3,366 $3,400 Long-term labilities 1,344 1,400 8,547 6,800 Stockholders' equity $13,257 $11,600 Total liabilities and Stockholders' Equity Ven Gradebook Assignment ctice ment MESSAGE CALCULATOR 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 Percent $(in millions) Assets $9,840 Current assets 1,802 Property, plant, and equipment (net) % 1,615 Other assets % Y $13,257 Total Assets Liabilities and Stockholders' Equity Current liabilities $3,366 % Long-term liabilities 1,344 % Stockholders' equity 8,547 $13,257 Total liabilities and Stockholders' Equity 9/6