Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $ 10,692 $ 8,100 Property, plant, and equipment (net) 1,938 1,900 Other assets 1,504 1,600 Total assets $14,134 $11,600 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $ 3,600 Long-term liabilities 1,358 1,400 Stockholders' equity 9.212 6.600 Total liabilities and stockholders' equity $14,134 $11,600 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% (45), (459). Round percentages to 1 decimal place, e.g. 12.396.) NIKE, INC Condensed Balance Sheet Tin millions) Increase Percentage e 199. search Home 6 8 9 R. G (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% (45), (459). Round percentages to 1 decimal place, e.g. 12.396.) NIKE, INC. Condensed Balance Sheet (sin millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $10,692 $8,100 Property, plant & equipment (net) 1,938 1,900 Other assets 1,504 1,500 Total Assets $14,134 $11,600 Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 96 1.358 1,400 Long-term liabilities Stockholders' equity 9,212 6,600 Total liabilities and Stockholders' Equity $14,134 $11,600 Search e 199 Home End % A & 5 6 8 9 0 E R T Y U O D F G H J K L (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal pl NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $10,692 % 1,938 Property, plant, and equipment (net) % 1,504 Other assets % Total Assets $14,134 % Liabilities and Stockholders' Equity Current liabilities $3,564 % 1,358 Long-term liabilities % Stockholders' equity 9,212 % $14,134 Total liabilities and Stockholders' Equity % LINK TO TEXT VIDEO: SIMILAR EXERCISE O 199+ earch PrtSches % 5 4 6 8