Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,580 $8.770 Property, plant, and equipment (net) 1,810 1,800 Other assets 1,540 1,670 Total assets $12.930 $12.240 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term liabilities 1,320 1.370 Stockholders' equity 8,460 7.550 Total liabilities and stockholders' equity $12.930 $12.240 (a) Prepare a horizontal analysis of the balance sheet data for Splish Brothers, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.1%) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2013 Assets Current Assets $9.580 $8,770 $ %6 24 Property, plant, and equipment (net) 1.810 1.800 Other assets 1540 1.670 Total assets $12.930 $12.240 $ Liabilities and Stockholders Equity $3,150 Current abilities $3.320 $ Long-term liabilities 1.320 1.370 Long-term liabilities 1,320 1,370 Stockholders' equity 8.460 7550 % Total liabilities and stockholders equity $12.930 $12.240 $ (b) Prepare a vertical analysis of the balance sheet data for Splish Brothers for 2017, SPLISH BROTHERS INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9.580 1,810 Property, plant, and equipment (net) 94 Other assets 1.540 $12.930 X Total assets Liabilities and Stockholders' Equity Current Liabilities $3150 Long-term Liabilities 1,320 % Stockholders' equity 8,460 Total liabilities and stockholders' equity $12.930 e Textbook and Media Save for Later Attempt 4. 5 co 8 E R. U s F G . J V B. N M