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13.1 - Table below shows common-size income statement statement for 6 firms and description of their operations. All firms use US GAAP. PLEASEE HELPPPPP 3.13.
13.1 - Table below shows common-size income statement statement for 6 firms and description of their operations. All firms use US GAAP. PLEASEE HELPPPPP
3.13. The table below shows the common-sized income statements for six firms and a descrip- (a) Commonwealth Edison: generates and sells electricity to businesses and households tion of their operations. All of these firms use U.S. GAAP. e plants. (b) Delta Air Lines: provides airline transportation services. (c) Tiffany & Company: designer, manufacturer, and retailer of jewelry and specialty any & Company: designer, manufactiurer, and retailer of jewelry and specialty ardware. Kelly Services: provides temporary office services to businesses and other firms. and the cost of goods and services include the amount Kelly paid to temporary help items (including china, timepieces, and silver). (d) Hewlett-Packard: manufactures and sells computers, printers, and other h (e) Kroger Stores: operates chain of grocery store nationwide. Sales revenue represents the amount hilled to customers for temporary help services, employees. Sales Other revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.5 0.9 Cost of Goods and Services sold (3.6) (814) (60.6) (63.0) (61.3) (44.5) Selling and Administrative (19.9) (14.1) (179) (24.0) (5.0) (36.8) Expenses Depreciation Interest Income Taxes Net Income 1.6% 2.2% 5.6% 6.7% 11.0% 10.3% Required: Use the clues you can find to match the firms listed common-sized financial statements and explain your reasoningStep by Step Solution
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