2. For the years 2016-2018, Analyze at least three items on the balance sheet (or financial statement ratios based on balance sheet items) for your base company and discuss whether the companys performance related to these items appear to be improving, deteriorating, or remaining stable. Justify your answer. Provide ratios also.

Assets

Fiscal year is January-December. All values USD Millions.

2018

2017

2016

2015

2014

5-year trend

Cash & Short Term Investments

10,990

19,510

16,125

12,009

8,726

Cash Only

10,718

10,610

9,158

9,096

6,134

Short-Term Investments

272

8,900

6,967

2,913

2,592

Total Accounts Receivable

7,142

7,024

6,694

6,437

6,651

Accounts Receivables, Net

5,978

5,827

5,575

5,367

5,680

Accounts Receivables, Gross

6,079

5,956

5,709

5,497

5,817

Bad Debt/Doubtful Accounts

(101)

(129)

(134)

(130)

(137)

Other Receivables

1,164

1,197

1,119

1,070

971

Inventories

3,128

2,947

2,723

2,720

3,143

Finished Goods

1,638

1,436

1,258

1,247

1,377

Work in Progress

178

167

150

161

173

Raw Materials

1,312

1,344

1,315

1,312

1,593

Other Current Assets

586

1,500

1,515

1,825

2,101

Miscellaneous Current Assets

586

1,500

1,515

1,825

2,101

Total Current Assets

21,846

30,981

27,057

22,991

20,621

Net Property, Plant & Equipment

17,589

17,240

16,591

16,317

17,244

Property, Plant & Equipment - Gross

40,164

39,106

36,818

35,747

36,300

Buildings

8,941

8,796

8,306

8,061

8,114

Land & Improvements

1,078

1,148

1,153

1,184

1,288

Machinery & Equipment

27,715

27,018

25,277

24,764

25,146

Construction in Progress

2,430

2,144

2,082

1,738

1,752

Accumulated Depreciation

22,575

21,866

20,227

19,430

19,056

Total Investments and Advances

2,409

2,042

1,950

2,311

2,689

LT Investment - Affiliate Companies

2,409

2,042

1,950

2,311

2,689

Long-Term Note Receivable

86

59

105

140

93

Intangible Assets

30,633

28,582

27,863

27,258

29,053

Net Goodwill

14,808

14,744

14,430

14,177

14,965

Net Other Intangibles

15,825

13,838

13,433

13,081

14,088

Other Assets

721

900

563

650

809

Deferred Charges

428

554

225

259

362

Tangible Other Assets

293

346

338

391

447

Total Assets

77,648

81,756

76,870

72,483

73,428

Asset Turnover

0.81

-

-

-

-

Return On Average Assets

15.70%

-

-

-

-

Liabilities & Shareholders' Equity