Question 1 Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INO. Condensed Balance Sheet May 31 ($ in millions) 20172016 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 $9,600 $8,730 1,910 1,830 1,470 1,620 $12,980 $12,180 $3,200 $3,370 1,330 8,470 7,480 $12,980 $12,180 1,310 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 as a base. ( 55,000, -20% or (55,000), (2000). Round percentages to 1 decimal place, eg. 12.5