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a. Prepare a horizontal analysis of the change in balances from 2014 to 2015. The following financial statement information is from Walgreens Boots Alliance

yearends (5 millions).Walgreens Boots Alliance Inc.Balance Sheet2015The following financial statement information is from

a. Prepare a horizontal analysis of the change in balances from 2014 to 2015. The following financial statement information is from Walgreens Boots Alliance Inc. its 2015 and 2014 fiscal yearends (S millions). Walgreens Boots Alliance Inc. Balance Sheet December 31 2015 2014 Assets Current assets Cash.. $ 3,000 6,849 8.678 Accounts receivable $ 2.646 inventories 3.218 Other current assets 6.076 1.130 19,657 15,068 Total current assets. 302 12,242 12.257 7.336 Property, plant and equipment Equity investment. Intangible assets. Goodwill. Other assets. 12,351 16.372 1,180 2.359 1876 5.334 S68,782 Total assets. $37 250 Liabilities and Stockholders' Equity Current liabilities Short-term borrowings Accounts payable $ 1,068 10,088 S 774 4,315 Accrued liabilities 5.401 3806 8,895 Total current liabilities Long-term debt. Other liabilities 16,557 13.315 3,716 7.610 4.022 Total liabilities 37.482 16,633 Redeemable noncontrolling interest Stockholders' equity Common stock Additional paid-in capital. Accumulated other comprehensive income Retained earnings. Treasury stock Non-controlling interest.. Total stockholders' equity Total liabilities and stockholders' equity 12 80 9,953 (214) 25,087 1,172 136 22.322 (3.977) (3.197) 104 439 31,300 $68,782 20,817 $37,250 Walgreens Boots Alliance Inc. Income Statement For Year Ended December 31 2015 2014 $103,444 $76,392 Net sales... Cost of goods sold Gross margin Operating expenses. Other expenses, gains, losses Net income. 76,520 54,823 21,569 18.609 1.028 26,924 22.886 (182) $ 4.220 S 1,932 Required re a vertical analysis of the income statement and balance sheet for 2014 and 2015.

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