Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets $9,520 1.990 $8,800 $ 1,810 1,610 $12,220 1,590 $13,100 Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $3,380 1,340 7.500 $13,100 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Windsor, using 2015 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (209). Round percentages to 1 decimal place, e.g. 12.196.) WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,520 $8,800 % $ X X Property, plant, and equipment (net) 1,990 1,810 % X Other assets 1,590 1,610 % Total assets $13,100 $12,220 880 7.21% Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,380 % $ X Long-term liabilities 1,260 1,340 -80 % X Stockholders' equity 8,620 7,500 % Total liabilities and stockholders' equity $13,100 $12,220 880 7.2 % (b) Prepare a vertical analysis of the balance sheet data for Windsor for 2017. WINDSOR, INC. Condensed Balance Sheet May 31, 2017 $ (in millions) Percent Assets Current Assets $9,520 72.8% Property, plant, and equipment (net) 1,990 % Other assets 1,590 % Total assets $13,100 100 % Liabilities and Stockholders' Equity Current Liabilities $3,220 24.5 % Long-term Liabilities 1,260 % Stockholders' equity 8,620 Total liabilities and stockholders' equity $13,100 100 %