Common-size statements (see more on this concept in Chapters 2, 15 and 16) and selected ratio values, related to the same financial year, are provided in Exhibit 1 for five well-known companies. The name and some characteristics of these companies are given in Exhibit 2.
Required
Use your knowledge of general business practices to match the companies to the accounting and financial data.

Walmart Stores Inc.
Walmart is a US company, incorporated in Delaware in 1969, that operates retail stores around the world. The company is committed to saving people money so they can live better. With regard to industry€™s characteristics, Walmart€™s inventories are surprisingly high for a big-box store. The company enjoys a low asset turnover.
Inditex (Industria de Disen˜ o Textil, SA)
Inditex is a Spanish-based company primarily engaged in the apparel industry. The company core activities include manufacture, commercialization and distribution of fashion items. The company owns several global brands such as Zara, Massimo Dutti and Pull & Bear among others. A significant portion of Inditex€™s assets is composed of cash and cash equivalents. Capitalizing on its brand names, the company enjoys a relatively high profitability.
Michelin Group (SCA Compagnie Ge´ ne´ rale des E´tablissements Michelin)
This global company is the world€™s largest manufacturer of tires. At the end of 2011 Michelin had 69 production sites in 18 countries. It sells its products throughout the world. The company distributes its products under several brand names, including Michelin, Kleber, BF Goodrich, Uniroyal, Riken, Taurus and Warrior. The industry requires relatively high levels of inventories and of long-lived assets. The company faces significant risks from its links to the automotive, truck and aircraft markets and from uncertainties concerning employees€™ benefits obligations (mainly in the US).
Johnson & Johnson
The company is engaged in the manufacture and sale of a broad range of products in the health care field. With over 190 operating companies, it conducts business in virtually all countries of the world. Johnson & Johnson€™s primary interest, both historically and currently, has been in products related to human health and well-being. The company€™s activities are organized into three business segments: Consumer, Pharmaceutical and Medical Devices and Diagnostics. The group manages a large portfolio of patents and enjoys a high profitability.
ENI Spa
ENI is one of the most important integrated energy companies in the world operating in the oil and gas, power generation, petrochemicals, oilfield services construction and engineering industries. ENI is present in some 70 countries with approximately 79,000 employees. The industry requires massive investment in tangible fixed assets, especially in upstream operations.

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Company Tangible fixed assets net) Shareholders' equity and liabilities 1 Net income of the perñod 8 Accounts payable Total Shareholders' equty and liabities Net incame/Sales revenue (9%) Sales revenue/Total assets 6) inventory tumaer (COGS/average ending inventor Averagecallection period days) 5