Prepare a vertical and horizontal analysis of both the Income Statement and the Balance Sheet and calculate the required ratios using the template provided by your instructor. The template must indicate whether the ratio is favorable or unfavorable.

Consolidated Financial Position at December 31
(Dollars in millions)
	2015	2014
Assets
Current assets:
Cash and short-term investments	6,460	7,341
Receivables trade and other	6,695	7,737
Other Current Assets	8,991	9,027
Deferred and refundable income taxes	1,526	1,739
Prepaid expenses and other current assets	1,046	818
Inventories	9,700	12,205
Total current assets	34,418	38,867
Property, plant and equipment net	16,090	16,577
Long-term receivables trade and other	1,170	1,364
Long-term receivables finance	13,651	14,644
Investments in unconsolidated affiliated companies	246	257
Noncurrent deferred and refundable income taxes	1,654	1,404
Intangible assets	2,821	3,076
Goodwill	6,615	6,694
Other assets	1,832	1,798
Total assets	78,497	84,681
Liabilities
Current liabilities:
Short-term borrowings:
Machinery, Energy & Transportation	9	9
Financial Products	6,958	4,699
Accounts payable	5,023	6,515
Accrued expenses	3,116	3,548
Accrued wages, salaries and employee benefits	1,994	2,438
Customer advances	1,146	1,697
Dividends payable	448	424
Other current liabilities	1,730	1,754
Long-term debt due within one year:
Machinery, Energy & Transportation	517	510
Financial Products	5,362	6,283
Total current liabilities	26,303	27,877
Long-term debt due after one year:
Machinery, Energy & Transportation	9,004	9,493
Financial Products	16,243	18,291
Liability for postemployment benefits	8,843	8,963
Other liabilities	3,219	3,231
Total liabilities	63,612	67,855
Stockholders equity
Common stock of $1.00 par value: Authorized 2,000,000,000 Issued 814,894,624	5,238	5,016
Treasury stock: (2015 232,572,734 shares; and 2014 - 208,728,065 shares) at cost	-17,640	-15,726
Profit employed in the business	34,208	33,887
Accumulated other comprehensive income (loss)	-6,997	-6,431
Noncontrolling interests	76	80
Total stockholders equity	14,885	16,826
Total liabilities and stockholders equity	78,497	84,681