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Make a vertical analysis of these balance sheets by comparing first the between the two years of balance sheet (1), then compare it with the

Make a vertical analysis of these balance sheets by comparing first the between the two years of balance sheet (1), then compare it with the performance of balance sheet (2). Your analysis should be detailed.

Balance sheet (1)

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Balance Sheet (2)

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4,239 $ 6,048 4,951 2,569 9,281 4,686 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Prepaid expenses and other current assets TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 1,289 1,335 612 588 3,116 2,815 5,017 4,738 2,218 2,046 22,473 23,320 21,271 20,600 40,273 45,175 24,215 23,902 6,863 5,313 $ 115,095 $ 118,310 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES 11,260 $ 9,054 9,697 30,011 20,395 6,899 10,211 67,516 10,344 7,470 10,423 28,237 20,863 6,163 10,164 65,427 67,516 65,427 928 967 TOTAL LIABILITIES HAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value $1 per share 600 shares authorized) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2019 - 4,009.2, 2018 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive income/loss) Treasury stock, at cost (shares held: 2019 - 1,504.5, 2018 - 1,511.2) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,009 4,009 63,827 63,846 (1,146) (1,204) (14,936) (14,749) (100,406) (99,217) 94,918 98,641 385 590 47,579 52,883 $ 115,095 $ 118,310 Balance sheet million 2019 million 2018 (Restated) 29,493 16,140 15,478 61,111 Goodwill and intangible assets Other non-current assets Current assets Total assets Current liabilities Non-current liabilities Total liabilities Shareholders' equity Non-controlling interest Total equity Total liabilities and equity 31,029 17,347 16,430 64,806 20,978 29,942 50,920 13,192 694 13,886 64,806 20,150 28,844 48,994 11,397 720 12,117 61,111

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