Please see the attached file.
The comparative balance sheets of Philip Morris Companies Inc. are presented here:
Philip Morris Company
Comparative Balance Sheet
Assets 2004 2003
Current assets $ 25,901 $ 21, 382
Property, plant, equip. (net) 16, 305 16,067
Other Assets 59,442 58,726
Total Assets 101,648 96,726
Liabilities and Stockholders equity
Total Liabilities and 101,648 96,725
B) Prepare a vertical analysis of the balance sheet data FOR Philip Morris for 2004.
The solution answers the question below in great detail.