Supplement to Identify the Industries

Presented in Exhibit 1 are balance sheets, in percentage form, and selected ratios drawn from the balance sheets and operating statements of seven different firms in seven different industries. Recognizing the fact of certain differences between firms in the same industry, each firm whose figures are summarized is broadly typical of those in its industry.

See if you can identify the industry represented. Then be prepared as best you can to explain the distinctive asset structures and ratios of each industry.

• Basic Chemical Company
• Maker of name-brand, quality men's apparel
• Meat packer
• Retail jewelry chain (which leased its store properties)
• Coal-carrying railroad
• Automobile manufacturer
• Advertising agency