Using Seagate's most recent annual report ( use 2017 10K), perform a vertical and horizontal analysis of the company's income statement and balance sheet. What does this tell you? ( show step by step how you got the numbers)

SEAGATE TECHNOLOGY PLC CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) Fiscal Years Ended July l, 2016 2017 2015 Revenue Cost of revenue Product development Marketing and administrative Amortization of intangibles Restructuring and other, net Gain on arbitration award, net S 10,771 S 11,160 S 13,739 9,930 1,353 857 129 32 7,597 1,232 606 104 178 8,545 1,237 635 123 175 11,681 2,058 Total operating expenses Income from operations Interest income Interest expense Other, net 9,717 1,054 12 (222) 10,715 445 (193) 19 (207) 113 Other expense, net Income before income taxes Provision for income taxes 239 1,970 228 1,742 815 43 772 S 26 248 S Net income Net income per s hare: 2.61 S 2.58 0.83 S 0.82 5.38 5.26 Basic Diluted Number of shares used in per share calculations Basic Diluted 296 299 2.52 S 299 302 2.43 S 324 331 2.05 Cash dividends declared per ordinary share See notes to consolidated financial statements. 52