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 $ 9,734 $ 8,839 Property, plant, and equipment (net) 1,958 1,891 Other assets 1,558 1,713 Total assets $ 13,250 $ 12,443 Liabilities and Stockholders' Equity Current liabilities $ 3,277 $ 3,322 Long-term liabilities 1,280 1,296 Stockholders' equity 8,693 7,825 Total liabilities and stockholders' equity $ 13,250 $ 12,443 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as MacBook Air (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 2.8. -45,45% or parentheses e.s. (45), (45%). Round percentages to 1 decimal place, c.8. 12.3%) NIKE, INC. Condensed Balance Sheet ($ in millions) Increase Percentage Change from 2019 2020 2019 (Decrease) Assets % Current assets $ 9,734 $ 8,839 $ %6 1,891 1.958 Property, plant & equipment (net) % Other assets 1.558 1.713 $ x $ 13.250 Total Assets 12,443 Liabilities and Stockholders' Equity % Current liabilities 3,277 3,322 OLA Question 5 of 14 -/1 E Liabilities and Stockholders Equity $ Current liabilities % 3,277 3,322 % Long-term liabilities 1,280 1.296 % Stockholders' equity 8,693 7,825 Total liabilities and Stockholders' Equity % $ 13,250 $ 12,443 (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 $ (in millions) Percent Assets $9.734 % Current assets % 1.958 Property, plant, and equipment (net) MacBook Air $ (in millions) Percent Assets $ 9.734 Current assets % % Property, plant, and equipment (net) 1,958 % Other assets 1,558 % Total Assets $13,250 Liabilities and Stockholders' Equity % $3,277 Current liabilities se 1,280 Long-term liabilities % Stockholders' equity 8,693 ok Total liabilities and Stockholders' Equity $13,250 eTextbook and Media Attempts: 0 of 7 Save for Later