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 from recent financial statements for four well-known companies:

1. Bed Bath & Beyond—housewares retailer

2. Kelly Services—provider 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 your choice.

Transcribed Image Text:

4 Balance Sheet Cash 34 16 8. Accounts receivable 50 15 56 Inventories 39 Long-term assets 32 19 10 Other assets 15 13 50 26 Current liabilities 76 22 47 41 Long-term liabilities 15 7 19 14 Shareholders' equity 71 34 45 Income Statement Sales of goods 100 77 Sales of services 100 23 100 Cost of goods sold 60 59 Operating expenses 96 34 31 101 Net income 6. (1) 3. 2. 4.