The following selected financial data pertain to four unidentified companies (balance sheet amounts reported in millions): Companies
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Question:
| Companies | |||
| 1 | 2 | 3 | 4 |
Cash | $ 5.1 | $ 8.8 | $ 6.3 | $10.4 |
Accounts receivable | 13.1 | 41.5 | 13.8 | 4.9 |
Inventory | 4.6 | 3.6 | 65.1 | 35.8 |
Property and equipment | 53.1 | 23.0 | 8.8 | 35.7 |
Selected Ratios |
|
|
|
|
Gross profit percentage | N/A* | N/A | 45.2 | 22.5 |
Net profit margin ratio (%) | 0.3 | 16.0 | 3.9 | 1.5 |
Current ratio | 0.7 | 2.2 | 1.9 | 1.4 |
Inventory turnover | N/A | N/A | 1.4 | 15.5 |
Debt-to-assets | 0.7 | 0.5 | 0.6 | 0.7 |
* N/A = Not applicable.
This financial information pertains to the following companies:
a. Cable TV company.
b. Grocery store.
c. Accounting firm.
d. retail jewelry store.
Required:
Match each company with its financial information, and explain the basis for your answers.
Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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