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Need help. Exercise 13-05 a-b Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC.

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Exercise 13-05 a-b Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 $9,880 1,940 1,580 $13,400 $8,810 1,830 1,700 $12,340 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 $3,200 1,250 8,750 $13,400 $3,300 1,370 7,750 $12,340 (a) Prepare a horizontal analysis of the balance sheet data for Marin, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000) (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current Assets $9,880 $8,810 1070 12.1 Property, plant, and equipment (net) 1,940 1,830 110 6 Other assets 1,580 1,700 -120 -7.1 $13,400 $12,340 1060 8.6 Total assets Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,300 -100 -3 Long-term liabilities 1,250 1,370 -120 -8.8 Stockholders' equity 8,750 7,750 1000 12.9 Total liabilities and stockholders' equity $13,400 $12,340 980 7.9 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. MARIN INC. Condensed Balance Sheet May 31, 2020 (in millions Percent Assets Current Assets $9,880 Property, plant, and equipment (net) 1,940 Other assets 1,580 $13,400 Total assets Liabilities and Stockholders' Equity Current Liabilities $3,200 Long-term Liabilities 1,250 Stockholders' equity 8,750 Total liabilities and stockholders' equity $13,400

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