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		$ 10,179		$ 8,700
Property, plant, and equipment (net)		1,890		1,800
Other assets		1,404		1,800
Total assets		$13,473		$12,300
Liabilities and Stockholders Equity
Current liabilities		$ 3,564		$ 3,600
Long-term liabilities		1,344		1,400
Stockholders equity		8,565		7,300
Total liabilities and stockholders equity		$13,473		$12,300

(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 choose the accounting period For the Quarter Ended May 31May 31For the Year Ended May 31 ($ in millions)
		2020		2019			Increase (Decrease)		Percentage Change from 2019
Assets
Current assets		$10,179		$8,700			$enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Property, plant & equipment (net)		1,890		1,800			enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Other assets		1,404		1,800			enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Total Assets		$13,473		$12,300			$enter a total of the three previous amounts		enter your answer in percentages rounded to 1 decimal place %
Liabilities and Stockholders' Equity
Current liabilities		$3,564		$3,600			$enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Long-term liabilities		1,344		1,400			enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Stockholders' equity		8,565		7,300			enter a dollar amount		enter your answer in percentages rounded to 1 decimal place %
Total liabilities and Stockholders' Equity		$13,473		$12,300			$enter a total of the three previous amounts		enter your answer in percentages rounded to 1 decimal place %

(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 choose the accounting period For the Year Ended May 31, 2020May 31, 2020For the Quarter Ended May 31, 2020
		$ (in millions)		Percent
Assets
Current assets		$10,179		enter your answer in percentages rounded to 1 decimal place %
Property, plant, and equipment (net)		1,890		enter your answer in percentages rounded to 1 decimal place %
Other assets		1,404		enter your answer in percentages rounded to 1 decimal place %
Total Assets		$13,473		enter your answer in percentages rounded to 1 decimal place %
Liabilities and Stockholders' Equity
Current liabilities		$3,564		enter your answer in percentages rounded to 1 decimal place %
Long-term liabilities		1,344		enter your answer in percentages rounded to 1 decimal place %
Stockholders' equity		8,565		enter your answer in percentages rounded to 1 decimal place %
Total liabilities and Stockholders' Equity		$13,473		enter your answer in percentages rounded to 1 decimal place %