Suppose the comparative balance sheets of Splish Brothers Inc. are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 Assets $9.580 $8.770 Current Assets 1,810 1,800 Property, plant, and equipment (net) 1,540 1,670 Other assets Total assets $12.930 $12,240 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term liabilities 1.320 1,370 8,460 7,550 Stockholders' equity 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, e.g. 12.1%.) SPLISH BROTHERS INC. Condensed Balance Sheet May 31 (s in millions) 2017 2016 Increase (Decrease) Percentage Change from 2013 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 $ x Liabilities and Stockholders Equity Current Liabilities $3,150 $3,320 $ 1,320 1,370 Long-term liabilities Stockholders' equity 8,460 7.550 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 S (in millions) Pereent Assets Current Assets $9,580 %6 Property, plant, and equipment (net) 1.810 1,810 % Property, plant, and equipment (net) 1,540 % Other assets Total assets $12.930 % Liabilities and Stockholders' Equity Current Liabilities $3,150 % Long-term Liabilities 1,320 % Stockholders' equity 8,460 % Total liabilities and stockholders' equity $12,930 %