Question: In their recent annual reports, Walgreens and CVS reported the following account balances: Required For both companies, calculate and interpret (a) horizontal and vertical analyses

In their recent annual reports, Walgreens and CVS reported the following account balances:

Required
For both companies, calculate and interpret (a) horizontal and vertical analyses of cash balance and (b) free cash flow. How do the cash positions compare? Round percentages to one decimal point (i.e., 9.4%).

Cash and cash equivalents, 12/31/10 Cash and cash equivalents, 12131/09 Total assets Cash flows from operating activities Capital expenditures Dividends Walgreens $1,880 2,087 26,275 cVS 1,427 1,086 62,169 4,779 2,005 479 1,014 541

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