In a recent annual report, Kraft Foods reported the following account balances (in millions):

Required
a. Prepare horizontal and vertical analyses of Kraft's cash balance. Round percentages to one decimal point (i.e., 9.4%).
b. Calculate free cash flow.
c. Interpret the results of your calculations.

Cash and cash equivalents, current year Cash and cash equivalents, prior year Total assets, current year Cash flows from operating activities Capital expenditures Dividends $ 1,244 567 63,078 4,141 1,367 1,663