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Suppose the comparative balance sheets of Windsor, Inc. are presented here, WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current

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Suppose the comparative balance sheets of Windsor, Inc. are presented here, WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets $9.520 $8,800 Property, plant, and equipment (net) 1.990 1,810 Other assets 1,590 1,610 Total assets $13,100 $12.220 Liabilities and Stockholders' Equity Current Liabilities $3.220 $3,380 Long-term liabilities 1,260 1,340 Stockholders' equity 8,620 7.500 Total liabilities and stockholders' equity $13,100 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Windsor, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, 2.8. 55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%) WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Change from 2019 Increase (Decrease) 2020 2019 $9.520 $8,800 % Assets Current Assets Property, plant, and equipment (net) Other assets 1.990 1,810 % 1,590 1,610 $13,100 $12,220 $ % $3,220 $3,380 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity % % 1,260 1,340 8,620 7,500 % $13.100 $12,220 $ de (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. WINDSOR, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,520 % Property, plant, and equipment (net) 1,990 de Other assets 1,590 se Total assets $13,100 ae $3,220 Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity % % 1,260 8,620 % Total liabilities and stockholders' equity $13,100 %

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