How do you do a vertical and Horizontal Analysis of the Balance sheet above?

Exhibit 5: J.C. Penney's Balance Sheet 2017 2016 2015 (In millions, except per share data) Assets Current assets: Cash in banks and in transit Cash short-term investments Cash and cash equivalents Merchandise inventory Prepaid expenses and other Total current assets Property and equipment Prepaid pension Other assets $116 342 458 2,762 190 3,410 4,281 61 661 $125 762 887 2,854 160 3,901 4,599 $119 781 900 2,721 397 4,018 4,816 618 608 $8,413 $9,118 $9,442 Total Assets $973 1,119 $977 1,164 $925 1,360 26 Liabilities and Stockholders' Equity Current liabilities: Merchandise accounts payable Other accounts payable and accrued expenses Current portion of capital leases, financing obligation and note payable Current maturities of long-term debt Total current liabilities Long-term capital leases, financing obligation and note payable Long-term debt Deferred taxes Other liabilities Total Liabilities 8 232 2,332 212 3,780 143 567 7,034 15 263 2,419 219 4,339 204 583 7,764 101 2,412 10 4,668 425 618 8,133 Stockholders' Equity Common stock (1) Additional paid-in capital Reinvested earnings/accumulated deficit) Accumulated other comprehensive income/(loss) Total Stockholders' Equity 156 4,705 -3,122 -360 1,379 154 4,679 -3,006 -473 1,354 153 4,654 -3,007 -491 1,309 $ 9,442 8,413 9,118 Total Liabilities and Stockholders' Equity Shares Outstanding (in million) 312 308.3 306.1