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The following selected financial data pertain to four unidentified companies: COMPANIES 1 2 3 4 Balance Sheet Data (component %) Cash 11.6% 6.6% 5.4%
The following selected financial data pertain to four unidentified companies: COMPANIES 1 2 3 4 Balance Sheet Data (component %) Cash 11.6% 6.6% 5.4% 7.1% Accounts receivable 4.6 18.9 8.8 35.6 Inventory 7.0 45.8 65.7 26.0 Property and equipment 56.0 20.3 10.1 21.9 Income Statement Data (component %) Cost of goods sold 43.3% 63.6% 85.9% 84.2% Profit before taxes 2.7 1.4 1.1 0.9 Selected Ratios Current ratio 0.7 2.1 1.2 1.3 Inventory turnover ratio 30.0 3.5 5.6 16.7 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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