Facilitates students to comprehend how the elements of a business are demonstrated in its financial accounts.
Try to match the 14 firms operating in the 14 industries named below with the 14 sets of financial data presented in Exhibit 1. Use any approach you find helpful.
Why do each of the industries have the patterns of asset use revealed in Exhibit 1? The sources of financing? The profitability? The inventory turnover? The accounts receivable collection period?