Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 $ 10,088 1,802 1,558 $13,448 $ 9,700 1,700 1,900 $13,300 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 $ 3,298 1,188 8,962 $13,448 $ 3,400 1,200 8,700 $13,300 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses 0.g. (45), (45%). Round percentages to I decimal plac NIKE, INC. Condensed Balance Sheet (sin millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $10,088 $9,700 Property, plant & equipment (net) 1,802 1,700 Other assets 1,558 1.900 9 Total Assets $13,448 13,300 Liabilities and Stockholders' Equity Current liabilities $3,298 $3,400 Long-term liabilities 1,188 1,200 Stockholders equity 8,962 8,700 Total liabilities and Stockholders' Equity $13,448 $13,300 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to I derimal larei (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet V $ (in millions) Percent Assets Current assets $10,088 % Property, plant, and equipment (net) 1,802 % Other assets 1,558 % Total Assets $13,448 % Liabilities and Stockholders' Equity Current liabilities $3,298 % Long-term liabilities 1,188 % Stockholders' equity 8,962 % Total liabilities and Stockholders' Equity $13,448 % LINK TO TEXT VIDEO: SIMILAR EXERCISE