Suppose the comparative balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9.800 $8,720 Property, plant, and equipment (net) 1.910 1.820 Other assets 1.540 1.670 Total assets $13,250 $12,210 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,370 Long-term liabilities 1,280 1,310 Stockholders' equity 8.820 7.530 Total liabilities and stockholders' equity $13,250 $12,210 Prepare a horizontal analysis of the balance sheet data for Nike, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.2%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2016 2017 Increase (Decrease) 2016 Assets Current Assets $9,800 $8,720 $ Property, plant, and equipment (net) 1,910 1.820 Other assets 1,540 1,670 Total assets $13,250 $12,210 $ Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,370 $ Long-term liabilities 1,280 1,310 Stockholders' equity 8.820 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ e Textbook and Media Assistance Used Prepare a vertical analysis of the balance sheet data for Nike for 2017.(Round percentages to 1 decimal place, e.g. 12.1%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9.800 Property, plant, and equipment (net) 1,910 Other assets 1,540 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,150 Long-term Liabilities 1,280 Stockholders' equity 8.820 Total liabilities and stockholders' equity $13,250 e Textbook and Media