Detective analysis—identify company. In this problem, you become a financial analyst/detective. Exhibit 5.26 expresses condensed financial statements for 13 companies on a percentage basis. In all cases, total sales revenues appear as 100.00%. All other numbers were divided by sales revenue for the year. The 1 3 companies (all corporations except for the accounting firm) shown here represent the following industries:

(1) Advertising agency

(2) Computer manufacturer

(3) Department store chain (that carries its own receivables)
(4) Distiller of hard liquor (5) Electric utility (6) Finance company (lends money to consumers)
(7) Grocery store chain (8) Insurance company (9) Pharmaceutical company (10) Public accounting (CPA) partnership (11) Soft-drink company (12) Steel manufacturer (13) Tobacco products company Use whatever clues you can to match the companies in Exhibit 5.26 with the industries listed above. You may find it useful to refer to average industry ratios

compiled by Dun & Bradstreet, Prentice-Hall. Robert Morris Associates, and the Federal Trade Commission. Most libraries carry copies of these documents.

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WAL-MART STORES, INC. Comparative Balance Sheets (amounts in millions) EXHIBIT 5.20 (Problem 27) January 31 Year 5 Year 6 Year 7 Year 8 ASSETS Cash Accounts Receivable Inventories Prepayments $ 45 900 $ 83 $ 883 853 $1,447 845 976 14,064. 15,989 15,897 16,497 329 406 368 432 Total Current Assets $15,338 $17,331 $17.993 $19,352 Property, Plant, and Equipment (net) Other Assets Total Assets 18,485 1,607 $35,430 21,497 22,904 26,344 1,316 1,287 2,426 $40,144 $42,184 $48,122 Accounts Payable. LIABILITIES AND SHAREHOLDERS' EQUITY Notes Payable $ 5.907 $ 6,442 $ 7,628 $ 9,126 1,795 2,458 - - Current Portion of Long-term Debt 87 Other Current Liabilities Total Current Liabilities Long-term Debt Other Noncurrent Liabilities Total Liabilities Common Stock Additional Paid-in Capital Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity 2,184 340 2,214 618 1,141 2,711 4,193 $ 9,973 12,320 411 $11,454 13,203 731 $10,957 $14,460 12,596 12,412 $22,704 $25,388 $ 230 $ 229 545 $ 224 $12,726 $14,756 585 17,694 $17,143 $18.503 $35,430 $40.144 $42.184 $48,122 1,488 $25,041 $29,619 $ 228 539 547 11,957 13,982 16,368 2,747