Complete a Vertical Analysis of The Boeing Companys Consolidated Statements of Financial Position and Consolidated Statements of Operations for both 2018 and 2019. Provide an analysis of what your vertical analysis reveals about Boeing Companys financial position and profitability.

The Boeing Company and Subsidiaries Consolidated Statements of Financial Position 2019 2018 $9,485 545 3,266 9,043 162 76,622 3,106 102,229 2,136 12,502 8,060 3,338 683 1,092 3,585 $133,625 $7,637 927 3,879 10,025 460 62,567 2,335 87,830 2,418 12,645 7,840 3,429 284 1,087 1,826 $117,359 (Dollars in millions, except per share data) December 31, Assets Cash and cash equivalents Short-term and other investments Accounts receivable, net Unbilled receivables, net Current portion of customer financing, net Inventories Other current assets Total current assets Customer financing, net Property, plant and equipment, net Goodwill Acquired intangible assets, net Deferred income taxes Investments Other assets, net of accumulated amortization of $580 and $503 Total assets Liabilities and equity Accounts payable Accrued liabilities Advances and progress billings Short-term debt and current portion of long-term debt Total current liabilities Deferred income taxes Accrued retiree health care Accrued pension plan liability, net Other long-term liabilities Long-term debt Shareholders' equity: Common stock, par value $5.00 - 1,200,000,000 shares authorized; 1,012,261,159 shares issued Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity $15,553 22,868 51,551 7,340 97,312 413 4,540 16,276 3,422 19,962 $12,916 14,808 50,676 3,190 81,590 1,736 4,584 15,323 3,059 10,657 5,061 6,745 (54,914) 50,644 (16,153) (8,617) 317 (8,300) $133,625 5,061 6,768 (52,348) 55,941 (15,083 339 71 410 $117,359 See Notes to the Consolidated Financial Statements on pages 56 - 117. The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in millions, except per share data) Years ended December 31, Sales of products Sales of services Total revenues 2019 $66,094 10,465 76,559 2018 $90,229 10,898 101,127 2017 $83,740 10,265 94,005 Cost of products Cost of services Boeing Capital interest expense Total costs and expenses (Loss)/income from operating investments, net General and administrative expense Research and development expense, net Gain on dispositions, net (Loss)learnings from operations Other income, net Interest and debt expense (Loss)learnings before income taxes Income tax benefit/(expense) Net (loss)learnings (62,877) (9,154) (62) (72,093) 4,466 (4) (3,909) (3,219) 691 (1,975) 438 (722) (2,259) 1,623 ($636) (72,922) (8,499) (69) (81,490) 19,637 111 (4,567) (3,269) 75 11,987 92 (475) 11,604 (1,144) $10,460 (68,879) (7,663) (70) (76,612) 17,393 204 (4,095) (3,179) 21 10,344 123 (360) 10,107 (1,649) $8,458 Basic (loss)learnings per share ($1.12) $18.05 $14.03 $17.85 $13.85 Diluted (loss)/earnings per share ($1.12) See Notes to the Consolidated Financial Statements on pages 56 117