NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase (Decrease) Percentage Change from 2013 2014 2013 $ 9,734 $ 8,839 Assets Current assets Property, plant, and equipment (net) Other assets Total assets 1,958 1.558 $13,250 1,891 1.713 $12.443 $ 3,277 $ 3,322 1,280 1,296 Liabilities and stock- holders' equity Current liabilities Long-term liabilities Stockholders equity Total liabilities and stockholders equity 8,693 7.825 $13,250 $12.443 NIKE, INC. Condensed Balance Sheet May 31, 2014 $ (in millions) Percent Assets Current assets Property, plant, and equipment (net) Other assets Total assets $ 9,734 1,958 1.558 $13,250 Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,277 1,280 8.693 $13.250 MISER CORPORATION Condensed Income Statement For the Years Ended December 31 Increase or (Decrease) During 2014 2014 2013 Net sales Cost of goods sold Gross profit Operating expenses Net income $598,000 477.000 121,000 80.000 $ 41.000 $500,000 420.000 80,000 44.000 $ 36.000 MISER CORPORATION Condensed Income Statements For the Years Ended December 31 2014 2013 Percent Percent Net sales Cost of goods sold Gross profit Operating expenses Net income $598,000 477.000 121,000 80,000 $ 41,000 $500,000 420.000 80,000 44.000 S 36.000 HORIZONTAL ANALYSIS First, prepare a horizontal analysis of the balance sheet data for Nike, using 2013 as a base. Show the amount of increase or decrease as well. Next prepare a horizontal analysis of the income statement data for Miser Corporation, using 2013 as a base. Show the amounts of increase or decrease. VERTICAL ANALYSIS First, prepare a vertical analysis of the balance sheet data for Nike for 2014. Second, prepare a vertical analysis of the income statement data for Miser Corporation for both years