METLOCK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 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 $9,770$8,770 1,800 1,740 $13,190 $12,310 1,820 1,600 $3,170$3,340 1,380 7,590 $13,190 12,310 1,350 8,670 (a) Prepare a horizontal analysis of the balance sheet data for Metlock, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000 e.g. 12.1%.) METLOCK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Change from 2013 (Decrease) Assets Current Assets Property, plant, and equipment (net) Other assets $9,770$8,770 1,800 1,740 $13,190 12,310 1,820 1,600 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,170 $3,340 1,380 7,590 $13,190 12,310 1,350 8,670 (b) Prepare a vertical analysis of the balance sheet data for Metlock for 2017