Presented here is selected information from the 2017 fiscal-year 10-K reports of four companies. The four companies, in alphabetical order, are Advance Micro Devices, a global semiconductor company; AT&T, Inc., a company that provides communications and digital entertainment; Caterpillar, Inc., a manufacturer of heavy machinery; and Pfizer, Inc., a pharmaceutical manufacturer. The data for the companies, presented in the order of the amount of their sales in millions of dollars, are: Page 234 A B C Sales $5,329 $45,462 $52,546 $160,546 Cost of goods sold 3,506 31,049 11,240 77,379 Net earnings 43 754 21,307 29,450 Inventory 739 10,018 7,578 Accounts receivable 400 16,193 8,221 16,522 Total assets 3,540 76,962 171,797 444,097 Required Based on these financial data and your knowledge and assumptions about the nature of the businesses that the companies operate, determine which data relate to which companies. Write a memorandum explaining your decisions. Include a discussion of which ratios you used in your analysis, and show the computations of these ratios in your memorandum.
Presented here is selected information from the 2017 fiscal-year 10-K reports of four companies. The four companies, in alphabetical order, are Advance Micro Devices, a global semiconductor company; AT&T, Inc., a company that provides communications and digital entertainment; Caterpillar, Inc., a manufacturer of heavy machinery; and Pfizer, Inc., a pharmaceutical manufacturer. The data for the companies, presented in the order of the amount of their sales in millions of dollars, are: Page 234 A B C Sales $5,329 $45,462 $52,546 $160,546 Cost of goods sold 3,506 31,049 11,240 77,379 Net earnings 43 754 21,307 29,450 Inventory 739 10,018 7,578 Accounts receivable 400 16,193 8,221 16,522 Total assets 3,540 76,962 171,797 444,097 Required Based on these financial data and your knowledge and assumptions about the nature of the businesses that the companies operate, determine which data relate to which companies. Write a memorandum explaining your decisions. Include a discussion of which ratios you used in your analysis, and show the computations of these ratios in your memorandum.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Presented here is selected information from the 2017 fiscal-year 10-K reports of four companies. The four companies, in alphabetical order,
are Advance Micro Devices, a global semiconductor company; AT&T, Inc., a company that provides communications and digital
entertainment; Caterpillar, Inc., a manufacturer of heavy machinery; and Pfizer, Inc., a pharmaceutical manufacturer. The data for the
companies, presented in the order of the amount of their sales in millions of dollars, are:
Page 234
A
C
D
Sales
$5,329
$45,462
$52,546 $160,546
Cost of goods sold
3,506
31,049
11,240
77,379
Net earnings
43
754
21,307
29,450
Inventory
739
10,018
7,578
-
Accounts receivable
400
16,193
8,221
16,522
Total assets
3,540
76,962
171,797
444,097
Required
Based on these financial data and your knowledge and assumptions about the nature of the businesses that the companies operate, determine
which data relate to which companies. Write a memorandum explaining your decisions. Include a discussion of which ratios you used in
your analysis, and show the computations of these ratios in your memorandum.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education