It will be great if there is a clear explanation. There are 3 parts, one is the qn and the others are the chart

Question 1 From Common-Size Statements to Firm Identities . A table on a later slide contains common-size nancial statement information for rms in 12 different industries where all items are expressed as a percent of Sales (i.e., operating revenues). A dash for a particular nancial statement item does not necessarily mean the amount is zero. It merely indicates that the amount is not sufciently large enough for the rm to disclose it. . Required: Use the common-size statements and your wits to identify the rms. To earn points you must provide a m explanation of the reasoning underlying each of your choices. You CANNOT submit a solution that just lists the rm identities without explanation. NO explanation NO points. Professor Charles E. Wasley 4 Question 1 From Common-Size Statements to Identities Fir . The 12 rms and a brief description of their activities appears below. A. Amazoncom: Operates websites to sell a wide variety of products online. The rm operated at a net loss for a number of years pri0r to the year that is reported in the Table. B. Carnival Corporation: Owns and operates cruise ships. C. Cisco Systems: Manufactures and sells computer networking and communications products. D. Citigroup: Offers a wide range of nancial services in the commercial banking, insurance, and securities business. Operating expenses represent the compensation of employees and other similar expenses. E. eBay: Operates an online trading platform for buyers to purchase and sellers to sell a variety of goods. The rm has grown in part by acquiring other companies to enhance or support its online trading platform. F. Goldman Sachs: Offers brokerage and Investment banking services. Operating expenses represent the compensation of employees and other similar expenses. G. Johnson & Johnson: Develops, manufactures, and sells pharmaceutical products, medical equipment, and branded over-die-counter consumer personal care products. H. Kellogg's: Manufactures and distributes cereal and other food products. The firm acquired other branded food companies In recent years. I. MGM Mirage: Owns and operates hotels, casinos, and golf courses. J. Molson Coors: Manufactures and distributes beer. Molson Coors has made minority ownership Investments in other beer manufacturers in recent years. K. Verizon: Maintains a telecommunications network and offers telecommunications services. Operating expenses represent the compensation of employees and other similar expenses. Verizon has made minority investments in other cellular and wireless providers. L. Yum! Brands: Operates chains of namebrand restaurants, including Taco Bell, kFC, and Pizza Hut. Professor Charles E. Wasley 5