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		$ 8,989		$ 8,900
Property, plant, and equipment (net)		1,768		1,700
Other assets		1,710		1,800
Total assets		$12,467		$12,400
Liabilities and Stockholders Equity
Current liabilities		$ 3,069		$ 3,100
Long-term liabilities		1,261		1,300
Stockholders equity		8,137		8,000
Total liabilities and stockholders equity		$12,467		$12,400

(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 ($ in millions 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $8,989 $8,900 $ % Property, plant & equipment (net) 1,768 1,700 Other assets 1,710 1,800 Total Assets $12,467 $12,400 $ 96 Liabilities and Stockholders' Equity Current liabilities $3,069 $3,100 $ % Long-term liabilities 1,261 1,300 yo Stockholders' equity 8,137 8,000 % Total liabilities and Stockholders' Equity $12,167 $12,100 90 (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 V $ (in millions) Percent Assets Current assets $8,989 % Property, plant, and equipment (net) 1,768 % Other assets 1,710 % Total Assets $12,467 % Liabilities and Stockholders' Equity Current liabilities $3,069 % Long-term liabilities 1,261 % Stockholders' equity 8,137 % Total liabilities and Stockholders' Equity $12,467 % Click if you would like to Show Work for this question: Open Show Work