Problem

Using Financial Information to Identify Mystery CompaniesThe following selected financial...

Using Financial Information to Identify Mystery Companies

The following selected financial data pertain to four unidentified companies:

 

COMPANIES

Balance Sheet Data

1

2

3

4

(component percentage)

 

 

 

 

Cash

5.1

8.8

6.3

10.4

Accounts receivable

13.1

41.5

13.8

4.9

Inventory

4.6

3.6

65.1

35.8

Property and equipment

53.1

23.0

8.8

35.7

Income Statement Data

 

 

 

 

(component percentage)

 

 

 

 

Gross profit

N/A*

N/A

45.2

22.5

Profit before taxes

0.3

16.0

3.9

1.5

Selected Ratios

 

 

 

 

Current ratio

0.7

2.2

1.9

1.4

Inventory turnover ratio

N/A

N/A

1.4

15.5

Debt-to-equity ratio

2.5

0.9

1.7

2.3

*N/A = Not applicable

 

 

 

 

This financial information pertains to the following companies:

a. Cable TV company


b. Grocery store


c. Accounting firm


d. Retail jewelry store

Required:

Match each company with its financial information.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search