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		$ 8,961		$ 8,700
Property, plant, and equipment (net)		1,957		1,900
Other assets		1,584		1,600
Total assets		$12,502		$12,200
Liabilities and Stockholders Equity
Current liabilities		$ 2,970		$ 3,000
Long-term liabilities		1,302		1,400
Stockholders equity		8,230		7,800
Total liabilities and stockholders equity		$12,502		$12,200

(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 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		$8,961		$8,700			$		%
Property, plant & equipment (net)		1,957		1,900					%
Other assets		1,584		1,600					%
Total Assets		$12,502		$12,200			$		%
Liabilities and Stockholders' Equity
Current liabilities		$2,970		$3,000			$		%
Long-term liabilities		1,302		1,400					%
Stockholders' equity		8,230		7,800					%
Total liabilities and Stockholders' Equity		$12,502		$12,200			$		%

(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 For the Quarter Ended May 31, 2020 For the Year Ended May 31, 2020 May 31, 2020
		$ (in millions)		Percent
Assets
Current assets		$8,961		%
Property, plant, and equipment (net)		1,957		%
Other assets		1,584		%
Total Assets		$12,502		%
Liabilities and Stockholders' Equity
Current liabilities		$2,970		%
Long-term liabilities		1,302		%
Stockholders' equity		8,230		%
Total liabilities and Stockholders' Equity		$12,502		%