Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,500 $8,880 Property, plant, and equipment (net) 1,950 1,830 Other assets 1,530 1,640 Total assets $12,980 $12,350 Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,300 Long-term liabilities 1,250 1,270 Stockholders equity 8,530 7,780 Total liabilities and stockholders' equity $12,980 $12,350 (a) Prepare a horizontal analysis of the balance sheet data for Marin, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,500 $8,880 $ % Property, plant, and equipment (net) 1,950 1,830 % Other assets 1,530 1,640 % Total assets $12,980 $12,350 $ % Liabilities and Stockholders' Equity Current Liabilities $3,200 $3,300 $ % Long-term liabilities 1,250 1,270 % Stockholders equity 8,530 7,780 % Total liabilities and stockholders' equity $12,980 $12,350 $ % (b) Prepare a vertical analysis of the balance sheet data for Marin for 2017. MARIN INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,500 % Property, plant, and equipment (net) 1,950 % Other assets 1,530 % Total assets $12,980 % Liabilities and Stockholders' Equity Current Liabilities $3,200 % Long-term Liabilities 1,250 % Stockholders equity 8,530 % Total liabilities and stockholders' equity $12,980 %