The comparative balance sheets of Nike, Inc. are presented here.

Instructions(a) Prepare a horizontal analysis of the balance sheet data for Nike using 2006 as a base.(Show the amount of increase or decrease as well.)(b) Prepare a vertical analysis of the balance sheet data for Nike for 2007.

Nike, Inc. Comparative Balance Sheets 31-May (S in millions) Amount 2007 Amount 2006 Particulars Assets Current assets Property, plant, and equipment (net) Other assets Total assets 8,076 | S 1,678 | S 934 | S 7,346 1,658 866 10,688 | S 9,870 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 2,584 S 1,079 S 7,025 S 10,688 S 2,612 973 6,285 9,870