Question 3 of 5 View Policies Current Attempt in Progress 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 $ 9,102 $ 8,200 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,653 1,900 Total assets $12,645 $11,900 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $ 3,600 Long-term liabilities 1,164 1,200 Stockholders' equity 7,917 7,100 Total liabilities and stockholders' equity $12,645 $11,900 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) Increase (Decrease) Percentage Change from 2019 2020 2019 Assets Current assets $9,102 $8,200 $ % Property, plant & equipment (net) 1,890 1,800 % Other assets 1,653 1,900 % Total Assets $12,645 $11,900 $ % Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 $ % Long-term liabilities 1,164 1,200 % Stockholders' equity 7,917 7,100 % Total liabilities and Stockholders' Equity $12,645 $11,900 $ % (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 $ (in millions) Percent Assets Current assets $9,102 % Property, plant, and equipment (net) 1,890 % Other assets 1,653 % Total Assets $12,645 % Liabilities and Stockholders' Equity Current liabilities $3,564 % Long-term liabilities 1,164 % Stockholders' equity 7,917 % Total liabilities and Stockholders' Equity $12,645 %