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