You are considering investing in Eli Lilly, a major pharmaceutical company. As part of your investigation of Lilly, you obtained the following balance sheets for the years ended December 31, 2019 and 2018 (dollars in millions):

INSTRUCTIONS:

a. Compute the dollar change in each account from 2018 to 2019. Also compute the percentage change in each account from 2018 to 2019.
b. Convert the balance sheets to common-size balance sheets. Also compute the percentage change in the common-size numbers of each account from 2018 to 2019.
c. Does the information in (b) provide any additional data to that in (a)? Explain.

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2019 2018 Assets Current assets: Cash $ 2,338 $ 7,321 Short-term marketable securities 101 88 Accounts receivable 5,542 5,777 Inventory 3,190 3,098 Other current assets 2,539 4,266 Total current assets $13,710 $20,550 Property, plant, and equipment $ 7,873 $ 7,996 Other assets 17,703 15,362 Total assets $39,286 $43,908