### Question 3Two companies have the following financial information (dollar amounts are in millions):| **Company** | **A** | **B** ||--------------|----------|-----------|| **Sales** | $18,110 | $1,017.6 || **Cost of Goods Sold** | 13,374 | 100 || ----- | | || **Net Income** | $1,665 | $72.8 || **Average Accounts Receivable** | 3,331 | 99.5 || **Average Inventory** | 632 | 0 || **Total Assets** | 20,756 | 872.1 |Identify which company is John Deere, Inc., manufacturer of farm equipment, and which is Bell South, a telecommunications company.- Company A- Company B**Options:**- A. John Deere, Inc.- B. Bell SouthExplanation:The table provided shows the financial data of two companies labeled as A and B. The categories include Sales, Cost of Goods Sold, Net Income, Average Accounts Receivable, Average Inventory, and Total Assets. You are tasked with matching these companies to John Deere, Inc., a manufacturer of farm equipment, and Bell South, a telecommunications company.Review the data carefully to make an informed guess. For instance, consider higher sales and cost of goods sold for the manufacturing firm (which likely indicates the farm equipment company). Lower inventory for a telecommunications company aligns with the non-material nature of telecommunications services.Good luck!

Inventory is the stock of goods that a company maintains with the intention of selling it. When the…

Two companies have the following financial information: (dollar amounts are in millions) Company A B Sales $18,110 $1,017.6 Cost of Goods Sold 13,374 100 Net Income $ 1,665 $ 72.8 Average Accounts Receivable 3,331 99.5 Average Inventory 632 0

Two companies have the following financial information: (dollar amounts are in millions) Company A B Sales $18,110 $1,017.6 Cost of Goods Sold 13,374 100 Net Income $ 1,665 $ 72.8 Average Accounts Receivable 3,331 99.5 Average Inventory 632 0

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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