Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

2015 Rank COMPANY NAME City State Revenue $ millions Profits $ millions Assets $

ID: 3059309 • Letter: 2

Question

2015 Rank COMPANY NAME City State Revenue $ millions   Profits $ millions   Assets $ millions   Earnings Per Share 2014 # Employees 1 Wal-Mart Stores Bentonville AR 485,651 16,363 203,706 5.05 2,200,000 2 Exxon Mobil Irving TX 382,597 32,520 349,493 7.60 83,700 3 Chevron San Ramon CA 203,784 19,241 266,026 10.14 64,700 4 Berkshire Hathaway Omaha NE 194,673 19,872 526,186 12,092.00 316,000 5 Apple Cupertino CA 182,795 39,510 231,839 6.45 97,200 6 General Motors Detroit MI 155,929 3,949 177,677 1.65 216,000 7 Phillips 66 Houston TX 149,434 4,762 48,741 8.33 14,000 8 General Electric Fairfield CT 148,321 15,233 648,349 1.50 305,000 9 Ford Motor Dearborn MI 144,077 3,187 208,527 0.80 187,000 10 CVS Health Woonsocket RI 139,367 4,644 74,252 3.96 177,800 11 McKesson San Francisco CA 138,030 1,263 51,759 5.41 42,800 12 AT&T Dallas TX 132,447 6,224 292,829 1.19 243,620 13 Valero Energy San Antonio TX 130,844 3,630 45,550 6.85 10,065 14 UnitedHealth Group Minnetonka MN 130,474 5,619 86,382 5.70 170,000 15 Verizon Communications New York NY 127,079 9,625 232,708 2.42 177,300 16 AmerisourceBergen Chesterbrook PA 119,569 277 21,532 1.17 13,500 17 Fannie Mae Washington DC 116,461 14,208 3,248,176 -0.19 7,600 18 Costco Wholesale Issaquah WA 112,640 2,058 33,024 4.65 153,500 19 Hewlett-Packard Palo Alto CA 111,454 5,013 103,206 2.62 302,000 20 Kroger Cincinnati OH 108,465 1,728 30,556 3.44 400,000 21 J.P. Morgan Chase & Co. New York NY 102,102 21,762 2,573,126 5.29 241,359 22 Express Scripts Holding St. Louis MO 100,887 2,008 53,799 2.64 29,500 23 Bank of America Corp. Charlotte NC 95,181 4,833 2,104,534 0.36 223,715 24 International Business Machines Armonk NY 94,128 12,022 117,532 11.90 412,775 25 Marathon Petroleum Findlay OH 91,417 2,524 30,460 8.78 45,340 26 Cardinal Health Dublin OH 91,084 1,166 26,033 3.38 34,000 27 Boeing Chicago IL 90,762 5,446 99,198 7.38 165,500 28 Citigroup New York NY 90,646 7,313 1,842,530 2.20 241,000 29 Amazon.com Seattle WA 88,988 -241 54,505 -0.52 154,100 30 Wells Fargo San Francisco CA 88,372 23,057 1,687,155 4.10 264,500 31 Microsoft Redmond WA 86,833 22,074 172,384 2.63 128,000 32 Procter & Gamble Cincinnati OH 84,537 11,643 144,266 4.01 118,000 33 Home Depot Atlanta GA 83,176 6,345 39,946 4.71 371,000 34 Archer Daniels Midland Chicago IL 81,201 2,248 44,027 3.43 33,900 35 Walgreens Boots Alliance Deerfield IL 76,392 1,932 37,182 2.00 213,000 36 Target Minneapolis MN 74,520 -1,636 41,404 -2.56 347,000 37 Johnson & Johnson New Brunswick NJ 74,331 16,323 131,119 5.70 126,500 38 Anthem Indianapolis IN 73,874 2,570 62,065 8.99 51,500 39 MetLife New York NY 73,316 6,309 902,337 5.42 68,000 40 Google Mountain View CA 71,487 14,444 131,133 21.02 53,600 41 State Farm Insurance Cos. Bloomington IL 71,160 4,191 239,143 73,262 42 Freddie Mac McLean VA 69,367 7,690 1,945,539 -0.72 4,982 43 Comcast Philadelphia PA 68,775 8,380 159,339 3.20 139,000 44 PepsiCo Purchase NY 66,683 6,513 70,509 4.27 271,000 45 United Technologies Hartford CT 65,100 6,220 91,289 6.82 211,500 46 American International Group New York NY 64,406 7,529 515,581 5.20 65,000 47 United Parcel Service Atlanta GA 58,232 3,032 35,471 3.28 336,150 48 Dow Chemical Midland MI 58,167 3,772 68,796 2.87 53,216 49 Aetna Hartford CT 58,003 2,041 53,402 5.68 48,800 50 Lowe's Mooresville NC 56,223 2,698 31,827 2.71 220,500 51 ConocoPhillips Houston TX 55,997 6,869 116,539 5.51 19,100 52 Intel Santa Clara CA 55,870 11,704 91,956 2.31 106,700 53 Energy Transfer Equity Dallas TX 55,691 633 64,469 1.15 27,605 54 Caterpillar Peoria IL 55,184 3,695 84,681 5.88 114,233 55 Prudential Financial Newark NJ 54,123 1,381 766,655 48,331 56 Pfizer New York NY 49,605 9,135 169,274 1.42 78,300 57 Walt Disney Burbank CA 48,813 7,501 84,186 4.26 180,000 58 Humana Louisville KY 48,500 1,147 23,466 7.36 57,000 59 Enterprise Products Partners Houston TX 47,951 2,787 47,101 1.47 6,900 60 Cisco Systems San Jose CA 47,142 7,853 105,134 1.49 74,042 61 Sysco Houston TX 46,517 932 13,168 1.58 50,300 62 Ingram Micro Santa Ana CA 46,487 267 12,831 1.67 21,700 63 Coca-Cola Atlanta GA 45,998 7,098 92,023 1.60 129,200 64 Lockheed Martin Bethesda MD 45,600 3,614 37,073 11.21 112,000 65 FedEx Memphis TN 45,567 2,097 33,070 6.75 298,099 66 Johnson Controls Milwaukee WI 43,855 1,215 32,804 1.80 168,000 67 Plains GP Holdings Houston TX 43,464 70 23,983 0.47 5,300 68 World Fuel Services Miami FL 43,386 222 4,880 3.11 4,041 69 CHS Inver Grove Heights MN 42,664 1,081 15,147 11,824 70 American Airlines Group Fort Worth TX 42,650 2,882 43,771 3.93 113,300 71 Merck Kenilworth NJ 42,237 11,920 98,335 4.07 70,000 72 Best Buy Richfield MN 41,903 1,233 15,256 3.49 125,000 73 Delta Air Lines Atlanta GA 40,362 659 54,121 0.78 79,655 74 Honeywell International Morris Township NJ 40,306 4,239 45,451 5.33 127,000 75 HCA Holdings Nashville TN 40,087 1,875 31,199 4.16 197,000 76 Goldman Sachs Group New York NY 40,085 8,477 856,240 17.07 34,000 77 Tesoro San Antonio TX 40,052 843 16,584 6.44 5,641 78 Liberty Mutual Insurance Group Boston MA 39,796 1,833 124,304 50,000 79 United Continental Holdings Chicago IL 38,901 1,132 37,353 2.93 84,000 80 New York Life Insurance New York NY 38,680 1,602 249,664 11,563 81 Oracle Redwood City CA 38,275 10,955 90,344 2.38 122,000 82 Morgan Stanley New York NY 37,953 3,467 801,510 1.60 55,802 83 Tyson Foods Springdale AR 37,580 864 23,956 2.37 124,000 84 Safeway Pleasanton CA 36,643 113 13,377 0.48 137,000 85 Nationwide Columbus OH 36,257 432 182,575 33,672 86 Deere Moline IL 36,067 3,162 61,336 8.63 59,623 87 DuPont Wilmington DE 36,046 3,625 49,876 3.92 63,000 88 American Express New York NY 35,999 5,885 159,103 5.56 54,000 89 Allstate Northbrook IL 35,239 2,850 108,533 6.27 39,950 90 Cigna Bloomfield CT 34,914 2,102 55,896 7.83 37,200 91 Mondelez International Deerfield IL 34,244 2,184 66,815 1.28 104,000 92 TIAA-CREF New York NY 34,230 967 526,048 12,322 93 INTL FCStone New York NY 34,063 19 3,040 0.98 1,141 94 Massachusetts Mutual Life Insurance Springfield MA 33,572 1,327 253,858 11,418 95 DirecTV El Segundo CA 33,260 2,756 25,459 5.40 30,925 96 Halliburton Houston TX 32,870 3,500 32,240 4.11 80,000 97 Twenty-First Century Fox New York NY 31,867 4,514 54,793 1.99 27,000 98 3M St. Paul MN 31,821 4,956 31,269 7.49 89,800 99 Sears Holdings Hoffman Estates IL 31,198 -1,682 13,209 -15.82 196,000 100 General Dynamics Falls Church VA 30,852 2,533 35,355 7.42 99,500 3) Are the companies with more employees significantly more profitable than companies with fewer employees? (Run the analysis with all data and do not remove outliers).

Explanation / Answer

2015 Rank COMPANY NAME City State Revenue $ millions   Profits $ millions   Assets $ millions   Earnings Per Share 2014 # Employees 1 Wal-Mart Stores Bentonville AR 485,651 16,363 203,706 5.05 2,200,000 2 Exxon Mobil Irving TX 382,597 32,520 349,493 7.60 83,700 3 Chevron San Ramon CA 203,784 19,241 266,026 10.14 64,700 4 Berkshire Hathaway Omaha NE 194,673 19,872 526,186 12,092.00 316,000 5 Apple Cupertino CA 182,795 39,510 231,839 6.45 97,200 6 General Motors Detroit MI 155,929 3,949 177,677 1.65 216,000 7 Phillips 66 Houston TX 149,434 4,762 48,741 8.33 14,000 8 General Electric Fairfield CT 148,321 15,233 648,349 1.50 305,000 9 Ford Motor Dearborn MI 144,077 3,187 208,527 0.80 187,000 10 CVS Health Woonsocket RI 139,367 4,644 74,252 3.96 177,800 11 McKesson San Francisco CA 138,030 1,263 51,759 5.41 42,800 12 AT&T Dallas TX 132,447 6,224 292,829 1.19 243,620 13 Valero Energy San Antonio TX 130,844 3,630 45,550 6.85 10,065 14 UnitedHealth Group Minnetonka MN 130,474 5,619 86,382 5.70 170,000 15 Verizon Communications New York NY 127,079 9,625 232,708 2.42 177,300 16 AmerisourceBergen Chesterbrook PA 119,569 277 21,532 1.17 13,500 17 Fannie Mae Washington DC 116,461 14,208 3,248,176 -0.19 7,600 18 Costco Wholesale Issaquah WA 112,640 2,058 33,024 4.65 153,500 19 Hewlett-Packard Palo Alto CA 111,454 5,013 103,206 2.62 302,000 20 Kroger Cincinnati OH 108,465 1,728 30,556 3.44 400,000 21 J.P. Morgan Chase & Co. New York NY 102,102 21,762 2,573,126 5.29 241,359 22 Express Scripts Holding St. Louis MO 100,887 2,008 53,799 2.64 29,500 23 Bank of America Corp. Charlotte NC 95,181 4,833 2,104,534 0.36 223,715 24 International Business Machines Armonk NY 94,128 12,022 117,532 11.90 412,775 25 Marathon Petroleum Findlay OH 91,417 2,524 30,460 8.78 45,340 26 Cardinal Health Dublin OH 91,084 1,166 26,033 3.38 34,000 27 Boeing Chicago IL 90,762 5,446 99,198 7.38 165,500 28 Citigroup New York NY 90,646 7,313 1,842,530 2.20 241,000 29 Amazon.com Seattle WA 88,988 -241 54,505 -0.52 154,100 30 Wells Fargo San Francisco CA 88,372 23,057 1,687,155 4.10 264,500 31 Microsoft Redmond WA 86,833 22,074 172,384 2.63 128,000 32 Procter & Gamble Cincinnati OH 84,537 11,643 144,266 4.01 118,000 33 Home Depot Atlanta GA 83,176 6,345 39,946 4.71 371,000 34 Archer Daniels Midland Chicago IL 81,201 2,248 44,027 3.43 33,900 35 Walgreens Boots Alliance Deerfield IL 76,392 1,932 37,182 2.00 213,000 36 Target Minneapolis MN 74,520 -1,636 41,404 -2.56 347,000 37 Johnson & Johnson New Brunswick NJ 74,331 16,323 131,119 5.70 126,500 38 Anthem Indianapolis IN 73,874 2,570 62,065 8.99 51,500 39 MetLife New York NY 73,316 6,309 902,337 5.42 68,000 40 Google Mountain View CA 71,487 14,444 131,133 21.02 53,600 41 State Farm Insurance Cos. Bloomington IL 71,160 4,191 239,143 73,262 42 Freddie Mac McLean VA 69,367 7,690 1,945,539 -0.72 4,982 43 Comcast Philadelphia PA 68,775 8,380 159,339 3.20 139,000 44 PepsiCo Purchase NY 66,683 6,513 70,509 4.27 271,000 45 United Technologies Hartford CT 65,100 6,220 91,289 6.82 211,500 46 American International Group New York NY 64,406 7,529 515,581 5.20 65,000 47 United Parcel Service Atlanta GA 58,232 3,032 35,471 3.28 336,150 48 Dow Chemical Midland MI 58,167 3,772 68,796 2.87 53,216 49 Aetna Hartford CT 58,003 2,041 53,402 5.68 48,800 50 Lowe's Mooresville NC 56,223 2,698 31,827 2.71 220,500 51 ConocoPhillips Houston TX 55,997 6,869 116,539 5.51 19,100 52 Intel Santa Clara CA 55,870 11,704 91,956 2.31 106,700 53 Energy Transfer Equity Dallas TX 55,691 633 64,469 1.15 27,605 54 Caterpillar Peoria IL 55,184 3,695 84,681 5.88 114,233 55 Prudential Financial Newark NJ 54,123 1,381 766,655 48,331 56 Pfizer New York NY 49,605 9,135 169,274 1.42 78,300 57 Walt Disney Burbank CA 48,813 7,501 84,186 4.26 180,000 58 Humana Louisville KY 48,500 1,147 23,466 7.36 57,000 59 Enterprise Products Partners Houston TX 47,951 2,787 47,101 1.47 6,900 60 Cisco Systems San Jose CA 47,142 7,853 105,134 1.49 74,042 61 Sysco Houston TX 46,517 932 13,168 1.58 50,300 62 Ingram Micro Santa Ana CA 46,487 267 12,831 1.67 21,700 63 Coca-Cola Atlanta GA 45,998 7,098 92,023 1.60 129,200 64 Lockheed Martin Bethesda MD 45,600 3,614 37,073 11.21 112,000 65 FedEx Memphis TN 45,567 2,097 33,070 6.75 298,099 66 Johnson Controls Milwaukee WI 43,855 1,215 32,804 1.80 168,000 67 Plains GP Holdings Houston TX 43,464 70 23,983 0.47 5,300 68 World Fuel Services Miami FL 43,386 222 4,880 3.11 4,041 69 CHS Inver Grove Heights MN 42,664 1,081 15,147 11,824 70 American Airlines Group Fort Worth TX 42,650 2,882 43,771 3.93 113,300 71 Merck Kenilworth NJ 42,237 11,920 98,335 4.07 70,000 72 Best Buy Richfield MN 41,903 1,233 15,256 3.49 125,000 73 Delta Air Lines Atlanta GA 40,362 659 54,121 0.78 79,655 74 Honeywell International Morris Township NJ 40,306 4,239 45,451 5.33 127,000 75 HCA Holdings Nashville TN 40,087 1,875 31,199 4.16 197,000 76 Goldman Sachs Group New York NY 40,085 8,477 856,240 17.07 34,000 77 Tesoro San Antonio TX 40,052 843 16,584 6.44 5,641 78 Liberty Mutual Insurance Group Boston MA 39,796 1,833 124,304 50,000 79 United Continental Holdings Chicago IL 38,901 1,132 37,353 2.93 84,000 80 New York Life Insurance New York NY 38,680 1,602 249,664 11,563 81 Oracle Redwood City CA 38,275 10,955 90,344 2.38 122,000 82 Morgan Stanley New York NY 37,953 3,467 801,510 1.60 55,802 83 Tyson Foods Springdale AR 37,580 864 23,956 2.37 124,000 84 Safeway Pleasanton CA 36,643 113 13,377 0.48 137,000 85 Nationwide Columbus OH 36,257 432 182,575 33,672 86 Deere Moline IL 36,067 3,162 61,336 8.63 59,623 87 DuPont Wilmington DE 36,046 3,625 49,876 3.92 63,000 88 American Express New York NY 35,999 5,885 159,103 5.56 54,000 89 Allstate Northbrook IL 35,239 2,850 108,533 6.27 39,950 90 Cigna Bloomfield CT 34,914 2,102 55,896 7.83 37,200 91 Mondelez International Deerfield IL 34,244 2,184 66,815 1.28 104,000 92 TIAA-CREF New York NY 34,230 967 526,048 12,322 93 INTL FCStone New York NY 34,063 19 3,040 0.98 1,141 94 Massachusetts Mutual Life Insurance Springfield MA 33,572 1,327 253,858 11,418 95 DirecTV El Segundo CA 33,260 2,756 25,459 5.40 30,925 96 Halliburton Houston TX 32,870 3,500 32,240 4.11 80,000 97 Twenty-First Century Fox New York NY 31,867 4,514 54,793 1.99 27,000 98 3M St. Paul MN 31,821 4,956 31,269 7.49 89,800 99 Sears Holdings Hoffman Estates IL 31,198 -1,682 13,209 -15.82 196,000 100 General Dynamics Falls Church VA 30,852 2,533 35,355 7.42 99,500 3) Are the companies with more employees significantly more profitable than companies with fewer employees? (Run the analysis with all data and do not remove outliers).