The balance sheets (in millions), on the following page, were adapted from the December 31, 2004 and 2003 financial statements of Boeing Co.

Instructions
1. Prepare a comparative vertical analysis of the balance sheets for 2004 and 2003. Round to one decimal place.
2. Based upon (1), what is your analysis of Boeing€™s financial condition in 2004 as compared to2003?

Transcribed Image Text:

December 31, 2004 December 31, 2003 Assets Cash Receivables Inventories Property, plant, and equipment Intangible assets and goodwill Prepaid pension cost Investments Other assets TOTAL ASSETS S 3,204 7,260 4,247 8,443 2,903 12,588 13,754 1,564 $53,963 4,633 6,430 5,338 8,432 2,948 8,542 12,951 3,761 $53,035 Liabilities and Stockholders' Equity: Accounts payable Notes payable Other liabilities $17,989 12,200 12,488 $42,677 11,286 $53,963 $17,304 14,443 13,149 $44,896 8,139 $53,035 Total liabilities Stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY