Heatwave Gaming develops, markets, and publishes electronic games. ZipTrain is one of the largest railway networks in the nation, with over 27,000 miles of railroads. The following data were taken from each of the companies' December 31, 2017, annual reports. Revealing which data relate to which company was intentionally omitted. The dollar amounts are in millions. Sales Depreciation costs Net earnings Current assets Property, plant, and equipment Total assets Company 1 $ 7,560 810 309 2,963 19,930 25,061 Company 2 $1,904,700 57,120 97,592 1,281,171 339,838 2,535,624

Heatwave Gaming develops, markets, and publishes electronic games. ZipTrain is one of the largest railway networks in the nation, with over 27,000 miles of railroads. The following data were taken from each of the companies' December 31, 2017, annual reports. Revealing which data relate to which company was intentionally omitted. The dollar amounts are in millions. Sales Depreciation costs Net earnings Current assets Property, plant, and equipment Total assets Company 1 $ 7,560 810 309 2,963 19,930 25,061 Company 2 $1,904,700 57,120 97,592 1,281,171 339,838 2,535,624

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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