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Comparing Operating Structure Across Industries Review the following selected income statement and balance sheet data from the fiscal years end- ing in 2014 and 2015

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Comparing Operating Structure Across Industries Review the following selected income statement and balance sheet data from the fiscal years end- ing in 2014 and 2015 P2-52. LO1, 7 Chapter 2 Conatructing Financial Statements 87 Non- Non- Current current Total Current Total current (S millions) Assets Assets Assets Liab. Liab. Liab. Equity 3M 31,269 $5,998 $12.162 $18,160 S 13,109 $11,765 19,504 1,340 163,308 Abercromble & Fitch" 1,165 2,505 486 829 1,115 120,292 1,390 111,547 Apple 68,531 231,839 63,448 56,844 Menutncturer of ooneumer and business products 3M Company NYSEMMM Ratailer of name-brand apparel at premium prices Abercromble & Fitch Co. NYSE ANF Computer company Apple Inc. NYSE AAPL REQUIRED Compare and discuss how these companies finance their operations. Which company has the greatest net working capital? Which company has the highest current ratio? Do you have any concems about any firm's net working capital position? Explain

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