CALENAME Practice Exercise 02 BACK Suppose the comparative balance sheets of Nike, Inc. are presented here ruke, Inc. Condensed Balance Sheet May 31 (5 in millions) 2020 2019 Assets Current Assets $9,710 $0,720 Property, plot, and equipmentret) 1,940 1,870 Others 1,500 1.690 Total assets $13,150 $12,280 Liabilities and Stockholders' Equity Current Labibes $3,220 $3,330 Long-termobles 1,330 1,380 Stoholders' equity 8,600 7.570 Total abilities and stockholders' equity $13,150 $12,200 (a) Prepare horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (If amount and percentage are a decrease show the numbers as negative, . 55.000, -20% or (55,000), (209). Round percentages to 1 decimal place, .g. 12.10.) NEKE, INC. Condensed Balance Sheet May 31 Percentage Change from 2019 Increase (Decrease) 2020 2019 Assets CES NIKI, INC Condensed Balance Sheet May 31 (she millions) BACK Assets 2020 2019 Increase (Decrease) Percentage Change from 2019 Current Assets $9,710 $0,720 Property, plant, and equipmentret) $ 1,940 1,870 Other assets 1,500 1,690 Total assets $13,150 $12,280 Liabilities and Stockholders' Equity Current Liabilities $3,220 $3,330 $ Long-term labilities 1,330 1,380 Stockholders' equity 1,500 7.570 Total abilities and stockholders' equity $13,150 $12,280 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. MIRI, INC Condensed Balance Sheet CES Tudes and stockholders' equity $13,150 $12,280 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. NIKE, INC. Condensed Balance Sheet ew $ (in millions) Percent Assets Current Assets $9,710 % 1,940 % Property, plant, and equipment (net) Other assets 1,500 % $13,150 % Total assets Liabilities and Stockholders' Equity Current Liabilities $3,220 % Long-term Liabilities 1,330 % 8,600 Stockholders'equity % % $13,150 Total liabilities and stockholders' equity Ques