Prepare horizontal and vertical analysis. (LO 2), AP Instructions Prepare a schedule showing a vertical analysis for 2014 and 2013. E13-5B Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Comparative Balance Sheets May 31 ($ in millions) Assets 2014 2013 Current assets $8.839 $ 8,076 Property, plant, and equipment (net) 1,891 1,678 Other assets 1,713 934 Total assets $12.443 $10.688 Liabilities and Stockholders' Equity Current liabilities $ 3,321 $2,584 Long-term liabilities 1,297 1,079 Stockholders' equity 7,825 7,025 Total liabilities and stockholders' equity $12,443 $10,688 Instructions (a) 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.) (b) Prepare a vertical analysis of the balance sheet data for Nike for 2014