Which Company Is Which?
Following are summaries of the balance sheets of five companies. The amounts are all stated as a percentage of total assets. The five companies are
• BankAmerica, a large bank
• Kelly Services, a firm that provides temporary employees
• Yahoo!, an Internet company
• McDonald’s, a fast food company
• Consolidated Edison, a utility serving New York City
|
|
A |
B |
C |
D |
E |
|
Receivables |
59.1 |
4.0 |
4.0 |
62.9 |
3.1 |
|
Inventories |
0.0 |
1.9 |
0.0 |
0.0 |
0.4 |
|
Other current assets |
20.6 |
1.8 |
71.1 |
23.8 |
3.2 |
|
Land, buildings, and equipment |
11.7 |
79.3 |
2.4 |
1.5 |
81.1 |
|
Other long term assets |
8.6 |
13.1 |
22.4 |
11.8 |
12.3 |
|
Short term payables |
42.1 |
6.6 |
12.9 |
26.8 |
8.5 |
|
Other current liabilities |
0.0 |
1.3 |
0.0 |
57.8 |
4.1 |
|
Long term liabilities |
0.0 |
48.4 |
0.9 |
8.0 |
39.5 |
|
Equity |
57.9 |
43.6 |
86.2 |
7.4 |
47.8 |
Match each balance sheet summary (A–E) with the appropriate company. Justify your choices.