Financial profiles, expressing the dollar value of financial statement accounts as a percentage of total assets (for balance sheet accounts) and sales (for income statement accounts), are listed for four well-known companies.

1. Bed Bath & Beyond-housewares retailer

2. Kelly Services-provided of part-time employees

3. Bank of America-commercial bank

4. Hewlett-Packard-technology and consulting company

Required:

Link each profile with a company, and explain yourchoice.

Transcribed Image Text:

3. Balance Sheet Cash 34 16 Accounts receivable 50 15 56 Inventories 39 32 Long-term assets Other assets 19 10 15 13 50 26 76 13 47 19 Current liabilities 22 41 Long-term liabilities Shareholders' equity 14 71 34 45 Income Statement Sales of goods Sales of services 100 77 23 100 100 Cost of gouds sold Operating expenses Net income 60 59 96 34 31 101 (1)