Suppose the comparative balance sheets of Tamarisk, Inc. are presented here.

TAMARISK, INC.

Condensed Balance Sheet

May 31

($ in millions)

2017

2016

Assets

Current Assets

$9,600

$8,830

Property, plant, and equipment (net)

2,000

1,900

Other assets

1,500

1,700

Total assets

$13,100

$12,430

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

$3,320

Long-term liabilities

1,200

1,340

Stockholders' equity

8,660

7,770

Total liabilities and stockholders' equity

$13,100

$12,430

(a) Prepare an horizontal analysis of the balance sheet data for Tamarisk, 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%.)

TAMARISK, INC.

Condensed Balance Sheet

May 31

($ in millions)

2017

2016

Increase

(Decrease)

Percentage

Change

from 2013

Assets

Current Assets

$9,600

$8,830

$

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Property, plant, and equipment (net)

2,000

1,900

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Other assets

1,500

1,700

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Total assets

$13,100

$12,430

$

Enter a total amount for this section

Enter percentages rounded to 1 decimal place

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

$3,320

$

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Long-term liabilities

1,200

1,340

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Stockholders' equity

8,660

7,770

Enter a dollar amount

Enter percentages rounded to 1 decimal place

%

Total liabilities and stockholders' equity

$13,100

$12,430

$

Enter a total amount for this section

Enter percentages rounded to 1 decimal place

%

(b) Prepare an vertical analysis of the balance sheet data for Tamarisk for 2017.

TAMARISK, INC.

Condensed Balance Sheet

Choose the accounting period

For the Year Ended May 31, 2017May 31, 2017For the Month Ended May 31, 2017

May 31, 2017For the Year Ended May 31, 2017For the Month Ended May 31, 2017

$ (in millions)

Percent

Assets

Current Assets

$9,600

Enter percentages

%

Property, plant, and equipment (net)

2,000

Enter percentages

%

Other assets

1,500

Enter percentages

%

Total assets

$13,100

Enter percentages

%

Liabilities and Stockholders' Equity

Current Liabilities

$3,240

Enter percentages

%

Long-term Liabilities

1,200

Enter percentages

%

Stockholders' equity

8,660

Enter percentages

%

Total liabilities and stockholders' equity

$13,100

Enter percentages