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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 to 2003?
December 31, 2004
December 31, 2003
Assets: Cash
$ 3,204
$ 4,633
Receivables
7,260
6,430
Inventories
4,247
5,338
Property, plant, and equipment
8,443
8,432
Intangible assets and goodwill
2,903
2,948
Prepaid pension cost
12,588
8,542
Investments
13,754
12,951
Other assets
1,564
3,761
TOTAL ASSETS
$53,963
$53,035
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