AB EXHIBIT $8-2$A Background Information on Selected Fortune $100$ Companies Revenue Assets $($millions$)($millions$)$ FY$2016$ FY$2016$ Company $$80,104$ $$2,187,702$ BANK OF AMERICA $($BAC$),$ through its subsidiaries, provides various banking and financial products and services for individual consumers, small$-$ and middle$-$market businesses, institutional investors, corporations, and governments in the United States and internationally. $$482,130$ $$199,581$ WALMART $($WMT$)$ operates retail stores in various formats worldwide. The company operates in three segments: Walmart U$.$S$.,$ Walmart International, and Sam's Club. $$49,247$ $$121,652$ CISCO $($CSCO$)$ designs, manufactures, and sells Internet protocol $($IP$)-$based networking and other products related to the communications and information technology industries worldwide. $$41,863$ $$87,270$ COCA$-$COLA $($KO$)$ is a beverage company engaging in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. $$94,571$ $$89,997$ BOEING $($BA$)$ engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. $$8,979$ $$23,847$ EBAY $($EBAY$)$ provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. $$135,987$ $$83,402$ AMAZON $($AMZN$)$ operates as an online retailer in North America and internationally. $$39,807$ $$95,377$ MERCK $($MRK$)$ provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products worldwide. $$55,632$ $$92,033$ WALT DISNEY COMPANY $($DIS$)$ is an entertainment company that operates television and movie studios as well as theme parks. $$25,923$ $$61,538$ MONDELEZ $($MDLZ$)$ produces consumer food products, such as Oreo cookies. LAB EXHIBIT $8-2$B Mystery Ratios $\backslash$Alpha $.$ B C D E F $22$ G HI J $100\mathrm{.}0100\mathrm{.}0$ As a Percentage $100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0$ of Sales Revenue $100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}064\mathrm{.}937\mathrm{.}174\mathrm{.}922\mathrm{.}49\mathrm{.}634\mathrm{.}960\mathrm{.}94\mathrm{.}539\mathrm{.}385\mathrm{.}4$ Cost of Goods Sold Gross Profit $35\mathrm{.}162\mathrm{.}925\mathrm{.}177\mathrm{.}690\mathrm{.}465\mathrm{.}139\mathrm{.}195\mathrm{.}560\mathrm{.}714\mathrm{.}60\mathrm{.}012\mathrm{.}80\mathrm{.}012\mathrm{.}40\mathrm{.}025\mathrm{.}40\mathrm{.}00\mathrm{.}00\mathrm{.}04\mathrm{.}99$ Research and Development $7\mathrm{.}123\mathrm{.}220\mathrm{.}136\mathrm{.}415\mathrm{.}724\mathrm{.}525\mathrm{.}253\mathrm{.}836\mathrm{.}53\mathrm{.}8$ Selling, General, and Administrative Expenses $89\mathrm{.}80\mathrm{.}50\mathrm{.}03\mathrm{.}0-4\mathrm{.}31\mathrm{.}63\mathrm{.}30\mathrm{.}00\mathrm{.}00\mathrm{.}0$ Other Operating Expenses $96\mathrm{.}937\mathrm{.}220\mathrm{.}151\mathrm{.}816\mathrm{.}051\mathrm{.}629\mathrm{.}254\mathrm{.}736\mathrm{.}58\mathrm{.}7$ Total Operating Expenses $3\mathrm{.}125\mathrm{.}75\mathrm{.}025\mathrm{.}984\mathrm{.}013\mathrm{.}59\mathrm{.}947\mathrm{.}720\mathrm{.}66\mathrm{.}2$ Operating Income$/$Loss As a Percentage $100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0$ of Sales $-0\mathrm{.}20\mathrm{.}50\mathrm{.}00\mathrm{.}00\mathrm{.}0-1\mathrm{.}8-4\mathrm{.}30\mathrm{.}6-1\mathrm{.}40\mathrm{.}0$ Total Other Income$/$Expenses Net Interest Expense $0\mathrm{.}41\mathrm{.}40\mathrm{.}50\mathrm{.}0-0\mathrm{.}50\mathrm{.}00\mathrm{.}012\mathrm{.}41\mathrm{.}80\mathrm{.}32\mathrm{.}826\mathrm{.}24\mathrm{.}540\mathrm{.}726\mathrm{.}711\mathrm{.}75\mathrm{.}631\mathrm{.}419\mathrm{.}45\mathrm{.}9$ Income before Tax $1\mathrm{.}04\mathrm{.}41\mathrm{.}4-40\mathrm{.}59\mathrm{.}11\mathrm{.}80\mathrm{.}59\mathrm{.}03\mathrm{.}80\mathrm{.}7$ Income Tax Expense Minority Interest $0\mathrm{.}00\mathrm{.}00\mathrm{.}10\mathrm{.}00\mathrm{.}70\mathrm{.}10\mathrm{.}00\mathrm{.}00\mathrm{.}10\mathrm{.}0$ Net Income $1\mathrm{.}721\mathrm{.}83\mathrm{.}180\mathrm{.}917\mathrm{.}69\mathrm{.}96\mathrm{.}422\mathrm{.}415\mathrm{.}65\mathrm{.}2100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0100\mathrm{.}0$ As a Percentage of Assets Current Assets $54\mathrm{.}964\mathrm{.}730\mathrm{.}237\mathrm{.}218\mathrm{.}432\mathrm{.}113\mathrm{.}80\mathrm{.}039\mathrm{.}069\mathrm{.}4$ Cash $23\mathrm{.}26\mathrm{.}34\mathrm{.}47\mathrm{.}65\mathrm{.}06\mathrm{.}80\mathrm{.}06\mathrm{.}89\mathrm{.}89\mathrm{.}8$ Investments $8\mathrm{.}047\mathrm{.}80\mathrm{.}022\mathrm{.}40\mathrm{.}08\mathrm{.}20\mathrm{.}08\mathrm{.}215\mathrm{.}61\mathrm{.}4$ Receivables $10\mathrm{.}04\mathrm{.}82\mathrm{.}82\mathrm{.}59\mathrm{.}87\mathrm{.}44\mathrm{.}240\mathrm{.}94\mathrm{.}49\mathrm{.}8$ Inventory $13\mathrm{.}71\mathrm{.}022\mathrm{.}30\mathrm{.}01\mathrm{.}55\mathrm{.}14\mathrm{.}00\mathrm{.}03\mathrm{.}148\mathrm{.}0$ Other Current $8\mathrm{.}052\mathrm{.}64\mathrm{.}927\mathrm{.}16\mathrm{.}912\mathrm{.}82\mathrm{.}70\mathrm{.}021\mathrm{.}711\mathrm{.}5$ Assets $39\mathrm{.}069\mathrm{.}4$ Total Current $54\mathrm{.}964\mathrm{.}730\mathrm{.}237\mathrm{.}218\mathrm{.}432\mathrm{.}113\mathrm{.}80\mathrm{.}0$ Assets $18\mathrm{.}61\mathrm{.}50\mathrm{.}03\mathrm{.}40\mathrm{.}016\mathrm{.}64\mathrm{.}712\mathrm{.}09\mathrm{.}113\mathrm{.}4$ Long$-$Term Investments Property, Plant and Equipment $34\mathrm{.}92\mathrm{.}955\mathrm{.}26\mathrm{.}429\mathrm{.}712\mathrm{.}613\mathrm{.}40\mathrm{.}412\mathrm{.}214\mathrm{.}2$ Goodwill $4\mathrm{.}521\mathrm{.}98\mathrm{.}418\mathrm{.}930\mathrm{.}219\mathrm{.}032\mathrm{.}93\mathrm{.}212\mathrm{.}25\mathrm{.}9$ Intangible Assets $0\mathrm{.}02\mathrm{.}10\mathrm{.}00\mathrm{.}47\mathrm{.}618\mathrm{.}129\mathrm{.}40\mathrm{.}111\mathrm{.}22\mathrm{.}8$ Amortization $0\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}00\mathrm{.}0$ Other Assets $5\mathrm{.}75\mathrm{.}06\mathrm{.}320\mathrm{.}59\mathrm{.}46\mathrm{.}11\mathrm{.}40\mathrm{.}06\mathrm{.}86\mathrm{.}145\mathrm{.}135\mathrm{.}369\mathrm{.}862\mathrm{.}881\mathrm{.}667\mathrm{.}986\mathrm{.}285\mathrm{.}061\mathrm{.}030\mathrm{.}6$ Long$-$Term Assets Total Assets $100 There are 3 Steps involved in it Step: 1 Get Instant Access to Expert-Tailored Solutions See step-by-step solutions with expert insights and AI powered tools for academic success Step: 2 Step: 3 Ace Your Homework with AI Get the answers you need in no time with our AI-driven, step-by-step assistance Get Started Recommended Textbook for Financial accounting Authors: Walter T. 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