Suppose the comparative balance sheets ofNike, Inc.are presented here.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2014		2013
Assets
Current Assets		$9,648		$8,753
Property, plant, and equipment (net)		1,967		1,890
Other assets		1,463		1,607
Total assets		$13,078		$12,250
Liabilities and Stockholders' Equity
Current Liabilities		$3,293		$3,330
Long-term liabilities		1,336		1,364
Stockholders equity		8,449		7,556
Total liabilities and stockholders' equity		$13,078		$12,250

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2013 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%.)

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2014		2013		Increase (Decrease)		Percentage Change from 2013
Assets
Current Assets		$9,648		$8,753		$			%
Property, plant, and equipment (net)		1,967		1,890					%
Other assets		1,463		1,607					%
Total assets		$13,078		$12,250		$			%
Liabilities and Stockholders' Equity
Current Liabilities		$3,293		$3,330		$			%
Long-term liabilities		1,336		1,364					%
Stockholders equity		8,449		7,556					%
Total liabilities and stockholders' equity		$13,078		$12,250		$			%

(b) Prepare a vertical analysis of the balance sheet data for Nike for 2014.

NIKE, INC. Condensed Balance Sheet May 31, 2014
		$ (in millions)		Percent
Assets
Current Assets		$9,648			%
Property, plant, and equipment (net)		1,967			%
Other assets		1,463			%
Total assets		$13,078			%
Liabilities and Stockholders' Equity
Current Liabilities		$3,293			%
Long-term Liabilities		1,336			%
Stockholders equity		8,449			%
Total liabilities and stockholders' equity		$13,078			%