Following are the common-size balance sheets from four companies: Pfizer, Inc., a global research-driven pharmaceutical company; JCPenney,

Question:

Following are the common-size balance sheets from four companies: Pfizer, Inc., a global research-driven pharmaceutical company; JCPenney, a national retailer; TimeWarner, a global media and entertainment company; and Duke Energy, a leading energy company focused on electric power and gas distribution.

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Required:
Based on your general business knowledge, the environments in which the above firms operate, and information derived from the analysis, match the company with its respective Explain the reasoning for the choices that you make.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...