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The selected financial information presented below has been derived from the financial statements of four companies. Each of the companies belongs to one of the following industries: (1) public accounting, (2) vehicle manufacturing, (3) airline, and (4) retail grocery sales.
Required:
- Which of the companies would be expected to have relatively large investments in receivables? in inventories? in property, plant, and equipment?
- Which company would have high gross profit? a high rate of depreciation?
- Identify the industry to which each company belongs.
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