The investment, financial, and profitability characteristics of different industries vary, often significantly. For example, some industries require substantial investments in property, plant, and equipment, while in others a larger proportion is invested in liquid assets such as cash and accounts receivable. Differences also frequently exist in the means of financing assets. One industry may have to rely extensively on long-term debt, while in another trade credit is readily available. Also, certain measures of profitability and asset utilization will reveal significantly different results in industry comparisons. Financial statements and the ratios computed from them reflect these and other differences among industries. The data file for this exam presents balance-sheet percentages and selected ratios for one company chosen from each of the 5 industries listed below.Study this information and match each set of numbers with the correct industry.

• Automobile manufacturer (General Motors)
• Department store chain (Macy's)
• Drug store chain (Walgreen)
• Regional airline (Southwest Air)
• Supermarket chain (Safeway)

Balance Sheet (in percentage of assets) Company 1 2 3 4 5 Cash and securities 12.7% 5.4% 3.3% 16.5% 0.5% Receivables 6.2 25.8 5.2 2.5 30.2 Inventories 0.6 11.0 55.3 19.3 25.9 Other current assets 1.0 7.3 1.8 1.1 2.9 Plant, property, and equipment (net) 79.4 50.4 34.3 60.6 40.4 Total assets 100.0% 100.0% 100.0% 100 .0% 100.0% Notes payable 1.0% 4.9% 1.9% 0.9% 10.3% Accounts payable 2.0 9.6 19.4 17.1 9.6 Other current liabilities 7.0 19.8 15.8 8.2 16.2 Long-term debt and leases 36.1 21.5 13.3 29.0 40.7 Preferred stock 0.0 0.3 0.0 0.0 0.0 Owner's equity 53.9 43.9 49.6 44.8 23.2 Total liabilities and equity 100.0% 100.0% 100.0% 100.0% 100 .0% Selected Ratios D E F J K Current ratio 2.07 1.45 1.77 1.50 1.65 Acid test 2.00 1.13 0.28 0.77 0.93 Inventory method AvCost LIFO LIFO LIFO LIFO Inventory turnover (as reported) 125.00 5.60 6.20 16.80 6.50 AR collection period (days) 28 28 5 3 68 Net sales/Total assets 0.79 1.46 3.41 3.50 161. 0% Net prot/Total assets (return on assets) 1.8% 5.1% 8.3% 9.3% 1.8% Net prot/Net sales (net prot margin) 2.3% 3.5% 2.4% 2.7% 1.1% Net profit/Net worth (return on equity) 3.4% 11.5% 16.6% 20.8% 7.9% Dividends/Net income (payout ratio) 23.6% 50.0% 32.1% 26.9% 55.0% Total assets/Net worth 185.5% 225.7% 201.6% 223.3% 430.3% Notes payable and long-term debt/Total assets 37.1% 26.3% 15.2% 29.9% 50.9% Long-term debt/Net worth 67.0% 48.4% 26.8% 64.8% 175.0% Market price/Book value 0.85 0.63 2.87 2.62 0.67 Dividends/Market price 0.9% 7.9% 1.9% 2.1% 6.1% Price/ Earnings ratio 25 .5 6.3 17.3 12.7 9.0 Beta 1.2 1.0 1.2 0.9 0.9