Question: Please help & provide yours answers + how you are able to determine the answers. Thank you Question 2: Big Matchup An important part of

 Please help & provide yours answers + how you are ableto determine the answers. Thank you Question 2: Big Matchup An important

Please help & provide yours answers + how you are able to determine the answers.

Thank you

Question 2: Big Matchup An important part of understanding a firm's financial statements is understanding the firm's economic characteristics. These characteristics can often be determined by analyzing the relative levels of various balance sheet and income statement items. Presented on the next page are common-size condensed balance sheets and income statements for 12 firms in different industries. These common-size balance sheets and income statements express various items as a percentage of operating revenues. (That is, the statement divides all amounts by operating revenues for the year.) Additionally, the last line shows the ratio of cash flow from operations to capital expenditures for each firm. Each of the columns corresponds to one of the firms described below: A. Amazon.com: B. Carnival Corporation: C. Cisco Systems: D. Citigroup: E. eBay F. Goldman Sachs: Operates websites to sell a wide variety of products online. The firm operated at a net loss in all years prior to that shown on the next page. Owns and operates cruise ships. Manufactures and sells computer networking and communications products. Offers a wide range of financial services in the commercial banking, insurance, and securities business. Operating expenses represent the compensation of employees. Operates an online trading platform for buyers to purchase and sellers to sell a variety of goods. The firm has grown in part by acquiring other companies to enhance or support its online trading platform. Offers brokerage and investment banking services. Operating expenses represent the compensation of employees. Develops, manufactures, and sells pharmaceutical products, medical equipment, and branded over-the-counter consumer personal care products. Manufactures and distributes cereal and other food products. The firm acquired other branded food companies in recent years. Owns and operates hotels, casinos, and golf courses. Real estate assets are typically financed with debt more so than other assets. Manufactures and distributes beer. Molson Coors has made minority ownership investments in other beer manufacturers in recent years. Maintains a telecommunications network and offers telecommunications services. Operating expenses represent the compensation of employees. Verizon has made minority investments in other cellular and wireless providers. Operates chains of name-brand restaurants, including Taco Bell and KFC. G. Johnson 8: Johnson: H. Kellogg's: I. MGM Mirage: J. Molson Coors: K. Verizon: L. Yum! Brands: Required 1. Match each column with the correct company named above. 2. Explain your reasoning to support your work. Financial Information for problem 2. n.m. indicates not meaningful. A dash indicates the amount was too small to be reported. 1 2 3 4 5 6 7 00 9 10 11 12 2,256.1% 352.8 2,198.0% 1,384.8 | BALANCE SHEET Cash & marketable securities Receivables Inventories Property, plant, and equipment, at cost Accumulated depreciation Property, plant, and equipment, net Intangibles Other assets Total assets 4.1% 20.1% 2.8 15.2 2.4 7.9 286.8 43.0 (59.8) (20.4) 227.0% 22.5% 36.5 43.4 7.2 24.0 280.0% 133.2% 2.0% 8.9 7.0 55.4 (32.5) 22.9% 39.8 4.8 85.4% 10.6% 96.9% 12.0 8.8 2.1 3.0 221.5 33.8 (132.6) 22.6) 88.9% 11.2% 75.2 40.5 19.0 28.3 207.9% 188.6% 4.1% 4.2 1.5 278.8 (52.8) 226.0% 6.0 81.0 322.9% 26.0% 4.5% 4.0 13.3 8.9 4.0 7.8 41.4 (2.6) (14.1) 5.3% 27.3% 5.0 109.4 7.2 59.7 56.4% 218.2% 1.9% 39.3% 2.0 5.1 1.3 61.1 32.9 (28.3) (18.9) 32.9% 14.0% 8.3 90.9 11.4 33.3 57.9% 182.6% - -% -% 101.9 208.5 3,893.3% 57.3 2.666.2% 43.4% Current liabilities Long-term debt Other long-term liabilities Shareholders' equity Total Liabilities and Shareholders' Equity 2,080.8% 390.9 92.6 101.9 37.8% 69.1 5.6 167.5 32.7% 12.7 21.1 66.7 27.7% 31.7 14.6 11.3 26.6% 48.2 90.2 42.8 37.8% 28.5 15.3 107.0 41.7% 2,878.4% 172.2 596.1 53.8 171.3 55.1 247.5 30.0% 0.4 4.4 21.4 20.7% 38.4 33.9 125.3 15.3% 31.6 12.0 (1.0) 9.4 129.8 2666.2% 280.0% 133.2% 85.4% 207.9% 188.6% 322.9% 3893.3% 56.4% 218.2% 57.9% 182.6% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% INCOME STATEMENT Operating revenues Cost of sales (excluding depreciation) or operating expenses Depreciation and amortization Selling and administrative Research and development Interest (expense)/income Income taxes All other items, net Net income (61.6) (9.9) (12.1) (58.1) (2.9) (23.7) (40.1) (15.0) (27.6) (56.0) (10.8) (19.3) (85.8) (1.5) (2.6) (5.1) (59.5) (5.7) (27.9) (75.1) (4.9) (7.6) (54.6) (2.0) (1.4) (1.6) 9.5 (14.3) (8.0) 27.6% (29.0) (4.4) (29.3) (12.2) (0.1) (6.2) 1.6 20.3% (36.1) (1.5) (27.6) (14.6) 1.0 (4.3) (73.4) (5.0) (5.1) (7.7) 78.4 (16.0) (28.8) 42.3% (26.1) (2.8) (33.7) (8.5) 1.3 (4.7) (2.5) (3.8) (2.8) (0.1) 0.1 13.6% (1.9) (3.4) (5.5) 6.6% (8.5) (2.6) 2.3 5.3% (1.0) (0.3) 3.7% (1.8) (2.2) 5.2 8.0% (2.0) (2.8) 0.4 8.0% 9.0% 17.0% 25.5% Cash flow from operations/capital expenditures n.m. 1.0 4.9 2.7 1.5 9.8 1.0 n.m. 8.8 1.8 1.6 5.1

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