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		$ 10,492		$ 8,600
Property, plant, and equipment (net)		1,819		1,700
Other assets		1,504		1,600
Total assets		$ 13,815		$ 11,900
Liabilities and Stockholders Equity
Current liabilities		$ 3,366		$ 3,400
Long-term liabilities		1,386		1,400
Stockholders equity		9,063		7,100
Total liabilities and stockholders equity		$ 13,815		$ 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 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		$ 10,492		$ 8,600			$ enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Property, plant & equipment (net)		1,819		1,700			enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Other assets		1,504		1,600			enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Total Assets		$ 13,815		$ 11,900			$ enter a total amount		enter a percentage number rounded to 1 decimal place %
Liabilities and Stockholders' Equity
Current liabilities		$ 3,366		$ 3,400			$ enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Long-term liabilities		1,386		1,400			enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Stockholders' equity		9,063		7,100			enter a dollar amount		enter a percentage number rounded to 1 decimal place %
Total liabilities and Stockholders' Equity		$ 13,815		$ 11,900			$ enter a total amount		enter a percentage number 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 May 31, 2020For the Year Ended May 31, 2020For the Quarter Ended May 31, 2020
		$ (in millions)		Percent
Assets
Current assets		$ 10,492		enter a percentage number rounded to 1 decimal place %
Property, plant, and equipment (net)		1,819		enter a percentage number rounded to 1 decimal place %
Other assets		1,504		enter a percentage number rounded to 1 decimal place %
Total Assets		$ 13,815		enter total percentages rounded to 1 decimal place %
Liabilities and Stockholders' Equity
Current liabilities		$ 3,366		enter a percentage number rounded to 1 decimal place %
Long-term liabilities		1,386		enter a percentage number rounded to 1 decimal place %
Stockholders' equity		9,063		enter a percentage number rounded to 1 decimal place %
Total liabilities and Stockholders' Equity		$ 13,815		enter total percentages rounded to 1 decimal place %