Identifying industries using common-size balance sheet percentages Exhibit 3.10 presents common-size balance sheets for five firms. The firms and a description of their activities follow:
(1) Commonwealth Edison: Generates and sells electricity to businesses and households.
(2) Hewlett-Packard: Develops, assembles, and sells computer hardware and printers. The firm outsourcers many of its computer and printer components.
(3) Household International: Lends money to consumers for periods ranging from several months to several years.
(4) May Department Stores: Operates department store chains and offers its own credit card.
(5) Newmont Mining: Mines for gold and other minerals, utilizing heavy equipment. Use whatever clues that you can to match the companies listed above with the firms listed in Exhibit 3.10. Describe yourreasoning.

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Common-Size Balance Sheet for Five Companies (Problem 36) EXHIBIT 3.10 (1) (2) (3) (4) (5) Cash and Marketable Securities . 9.5% 8.5% 0.1% 12.1% 1.1% Receivables .. 24.1 81.9 2.8 1.4 25.7 Inventories 2.0 9.0 23.2 23.6 Property, Plant, and Equipment (net). 1.2 41.4 74,3 62.6 20.0 Other Assets 19.0 8.4 20.8 17.5 9.8 Tatal Assets 100.0% 100.0% 100.0% 100.0% 100.0% Current Liabilities. Long-Term Debt 38.8% 8.4% 10.8% 38.3% 29.1% 47.7 28.1 28.3 50.0 9.3 Other Noncurrent Liabilities 6.7 3.9 13.9 6.2 Shareholders' Equity . 11.2 30.0 54.4 48.5 36.4 Total Liabilities and Shareholders Equity 100.0% 100.0% 100.0% 100.0% 100.0% ...