METLOCK, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities $9,800 1,970 1,550 $13,320 $8,760 1,800 1,770 $12,330 Long-term liabilities $3,230 1,310 8,780 $13,320 $3,320 1,350 7,660 Stockholders' equity Total liabilities and stockholders' equity $12,330 (a) Prepare a horizontal analysis of the balance sheet data for Metlock, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) METLOCK, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 2020 Increase (Decrease) 2019 Assets Current Assets $9,800 $8,760 % $ Property, plant, and equipment (net) 1,970 1,800 % Other assets 1,550 1,770 % Total assets $13,320 $12,330 % $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,320 % $ Long-term liabilities 1,310 1,350 % Stockholders' equity 8,780 7,660 % Stockholders' equity 8,780 7,660 % Total liabilities and stockholders' equity $13,320 $12,330 % $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. METLOCK, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,800 % Property, plant, and equipment (net) 1,970 % Other assets 1,550 % Total assets $13,320 % Liabilities and Stockholders' Equity Current Liabilities $3,230 % Long-term Liabilities 1,310 % Stockholders' equity 8,780 % Total liabilities and stockholders' equity $13,320 %