EXHIBIT $1$: COMMON$-$SIZE BALANCE SHEET $(\%)$

$\backslash$table$[[$Company$,$A$,$B$,C,$D$,$E$,F,G,H,$I,J$],[$Current Assets$],[$Cash and Cash Equivalents,$11\mathrm{.}57,3\mathrm{.}84,16\mathrm{.}02,4\mathrm{.}47,7\mathrm{.}50,1\mathrm{.}48,0\mathrm{.}78,3\mathrm{.}96,1\mathrm{.}13,22\mathrm{.}80],[$Other Short$-$Term Investments,$,3\mathrm{.}56,8\mathrm{.}40,-,5\mathrm{.}44,-,5\mathrm{.}09,42\mathrm{.}74,3\mathrm{.}10,5\mathrm{.}01],[$Accounts Receivable,$9\mathrm{.}29,28\mathrm{.}55,9\mathrm{.}24,6\mathrm{.}36,4\mathrm{.}60,9\mathrm{.}71,4\mathrm{.}95,10\mathrm{.}30,4\mathrm{.}17,33\mathrm{.}97],[$Inventory$,0\mathrm{.}25,3\mathrm{.}32,9\mathrm{.}10,0\mathrm{.}00,3\mathrm{.}91,49\mathrm{.}39,7\mathrm{.}21,0\mathrm{.}72,17\mathrm{.}96,0\mathrm{.}00],[$Prepaid Asset,$2\mathrm{.}60,0\mathrm{.}11,-,1\mathrm{.}96,2\mathrm{.}18,1\mathrm{.}91,-,-,1\mathrm{.}55,-],[$Other Current Assets,$2\mathrm{.}87,0\mathrm{.}04,-,-,-,-,1\mathrm{.}57,3\mathrm{.}54,0\mathrm{.}44,1\mathrm{.}79],[$Non$-$Current Assets$],[$Net Property, Plant, and Equipment,$34\mathrm{.}64,59\mathrm{.}65,43\mathrm{.}44,57\mathrm{.}24,12\mathrm{.}55,11\mathrm{.}60,8\mathrm{.}34,15\mathrm{.}30,56\mathrm{.}76,0\mathrm{.}93],[$Goodwill$,10\mathrm{.}13,-,8\mathrm{.}35,15\mathrm{.}16,19\mathrm{.}41,0\mathrm{.}50,35\mathrm{.}02,14\mathrm{.}67,8\mathrm{.}10,1\mathrm{.}91],[$Other Intangible Assets,$4\mathrm{.}66,0\mathrm{.}64,-,8\mathrm{.}00,11\mathrm{.}58,20\mathrm{.}61,21\mathrm{.}12,2\mathrm{.}70,3\mathrm{.}30,-],[$Investments and Advances,$5\mathrm{.}24,-,-,-,23\mathrm{.}01,0\mathrm{.}26,10\mathrm{.}23,0\mathrm{.}92,-,25\mathrm{.}04],[$Other Non$-$Current Assets,$10\mathrm{.}21,0\mathrm{.}29,5\mathrm{.}45,6\mathrm{.}82,7\mathrm{.}03,4\mathrm{.}54,2\mathrm{.}66,5\mathrm{.}14,3\mathrm{.}50,-],[$Other Investment,$8\mathrm{.}55,-,-,-,2\mathrm{.}79,-,3\mathrm{.}05,-,-,8\mathrm{.}55],[$Total Assets,$100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00],[$Current Liabilities$],[$Accounts Payables,$9\mathrm{.}00,-,35\mathrm{.}35,12\mathrm{.}47,12\mathrm{.}39,32\mathrm{.}61,4\mathrm{.}36,5\mathrm{.}25,15\mathrm{.}90,56\mathrm{.}06],[$Pension and Post$-$Retirement Benefits,$4\mathrm{.}26,-,-,-,1\mathrm{.}18,-,1\mathrm{.}62,2\mathrm{.}38,0\mathrm{.}00,8\mathrm{.}89],[$Current Debt,$8\mathrm{.}11,1\mathrm{.}39,-,3\mathrm{.}54,17\mathrm{.}65,10\mathrm{.}57,9\mathrm{.}67,1\mathrm{.}92,8\mathrm{.}28,1\mathrm{.}47],[$Other Current Liabilities,$8\mathrm{.}08,1\mathrm{.}70,3\mathrm{.}64,15\mathrm{.}30,0\mathrm{.}00,0\mathrm{.}00,6\mathrm{.}62,14\mathrm{.}66,13\mathrm{.}27,8\mathrm{.}60],[$Non$-$Current Liabilities$],[$Long$-$Term Debt,$192\mathrm{.}33,11\mathrm{.}56,10\mathrm{.}39,13\mathrm{.}75,31\mathrm{.}85,3\mathrm{.}54,21\mathrm{.}47,23\mathrm{.}26,31\mathrm{.}67,13\mathrm{.}17],[$Long$-$Term Capital Lease Obligation,$13\mathrm{.}57,2\mathrm{.}63,17\mathrm{.}67,9\mathrm{.}44,0\mathrm{.}00,0\mathrm{.}00,7\mathrm{.}24,12\mathrm{.}49,0\mathrm{.}00,1\mathrm{.}57],[$Other Non$-$Current Liabilities,$17\mathrm{.}87,1\mathrm{.}24,5\mathrm{.}40,23\mathrm{.}94,12\mathrm{.}46,5\mathrm{.}66,11\mathrm{.}14,4\mathrm{.}31,10\mathrm{.}33,0\mathrm{.}87],[$Total Equity,$-153\mathrm{.}24,81\mathrm{.}47,27\mathrm{.}55,23\mathrm{.}80,24\mathrm{.}42,47\mathrm{.}63,37\mathrm{.}88,35\mathrm{.}71,20\mathrm{.}55,9\mathrm{.}38],[$Total Liability and Equity,$100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00]]$

Note: $-=$ not separately disclosed

Source: Financial information for each company $($A to J$)$ compiled by the case authors with information from Yahoo! Finance; for the purposes of this exercise, detailed reference information was omitted to avoid revealing the $10$ company names.

EXHIBIT $2$: COMMON$-$SIZE INCOME STATEMENT $(\%)$

$\backslash$table$[[$Company$,$A$,$B$,$C$,$D$,$E$,$F$,$G$,$H$,$I,J$],[$Total Revenue,$100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00,100\mathrm{.}00],[$Cost of Goods Sold,$36\mathrm{.}63,42\mathrm{.}30,73\mathrm{.}35,77\mathrm{.}91,39\mathrm{.}23,74\mathrm{.}06,19\mathrm{.}75,34\mathrm{.}10,78\mathrm{.}32,18\mathrm{.}88],[$Gross Profit,$63\mathrm{.}37,57\mathrm{.}70,26\mathrm{.}65,22\mathrm{.}09,60\mathrm{.}77,25\mathrm{.}94,80\mathrm{.}25,65\mathrm{.}90,21\mathrm{.}68,81\mathrm{.}12],[$Operating Expenses,$12\mathrm{.}07,3\mathrm{.}14,21\mathrm{.}46,8\mathrm{.}01,32\mathrm{.}51,24\mathrm{.}07,53\mathrm{.}35,31\mathrm{.}76,19\mathrm{.}52,37\mathrm{.}76],[$Selling$,$ General, and Administrative,$12\mathrm{.}07,2\mathrm{.}96,8\mathrm{.}58,4\mathrm{.}24,32\mathrm{.}48,20\mathrm{.}83,27\mathrm{.}73,18\mathrm{.}35,17\mathrm{.}49,41\mathrm{.}13],[$Research and Development,$-,0\mathrm{.}17,12\mathrm{.}81,-,-,-,16\mathrm{.}71,13\mathrm{.}41,2\mathrm{.}03,-],[$Other Operating Expenses,$-,0\mathrm{.}01,0\mathrm{.}07,3\mathrm{.}77,0\mathrm{.}03,3\mathrm{.}24,8\mathrm{.}91,-,-,-3\mathrm{.}36],[$Operating Income,$51\mathrm{.}30,54\mathrm{.}56,5\mathrm{.}19,14\mathrm{.}08,28\mathrm{.}26,1\mathrm{.}87,26\mathrm{.}90,34\mathrm{.}14,2\mathrm{.}16,43\mathrm{.}36],[$Non$-$Operating Interest Expenses,