Question
The following selected financial data pertain to four unidentified companies: COMPANIES 1 2 3 4 Balance Sheet Data (component %) Cash 7.3% 21.6% 6.1%
The following selected financial data pertain to four unidentified companies: COMPANIES 1 2 3 4 Balance Sheet Data (component %) Cash 7.3% 21.6% 6.1% 11.3% Accounts receivable 28.2 39.7 3.2 22.9 Inventory 21.6 0.6 1.8 27.5 Property and equipment 32.1 18.0 74.6 25.1 Income Statement Data (component %) Cost of goods sold 84.7% 0.0% 0.0% 56.6% Profit before taxes 1.7 3.2 2.4 6.9 Selected Ratios Current ratio Inventory turnover ratio 1.5 1.2 0.6 1.9 27.4 N/A* N/A* 3.3 85 *N/A = Not applicable In no particular order, the four unidentified companies are: a. Travel agency b. Hotel c. Meat processing company d. Drug company Required: Match each company with its financial information.
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Get StartedRecommended Textbook for
Financial Accounting
Authors: LibbyShort
7th Edition
78111021, 978-0078111020
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