The Financial Detective, 2005

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The Financial Detective, 2005 Financial characteristics of companies vary both from industry to industry and within a single industry for a variety of reasons. The challenge for any company in planning its strategy is the consideration of the industry’s economics in conjunction with their own strategy to help the company’s financial statements remain strong and competitive across both lines. In this case, we are asked to use this consideration of strategies to determine which company description belongs to which company’s financial statements. And explain the differences in the financial results across industries. Case Problems 1. Match the financial statement with the company descriptions. 2. Explain differences in the…show more content…
| Hardware and Tools (Companies K& L) | The company is a global manufacturer and marketer of power tools and power-tool accessories, hardware and home – improvement products, and fastening systems. The firm sells primarily to retailers, wholesalers and distributors. Its products appear under a variety of well-known brand names and are geared for the end user. | This company manufactures and markets high-quality precision tools and diagnostic-equipment systems for professional users. The firm offers a broad range of products, which it sells via its own technical representatives and mobile franchise dealers. The company also provides financing for franchisees and customers’ large purchases. | Retailing (Companies M&N) | One firm carries a wide variety of nationally advertised general merchandise. The company is known for its low prices, breadth of merchandise, and volume-oriented strategy. Most of its stores are leased and are located near the company’s expanding network of distribution centers. The company has begun to implement plans to expand both internationally and in large urban areas. | This firm is rapidly growing chain of upscale discount stores. The firm competes by attempting to match other discounters’ prices on similar merchandise and by offering deep discounts on its differentiated items. | Newspaper (Companies O& P) | One is a diversified media company that generates most of its

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