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QUESTION
The purpose of the third part of the comprehensive project is to use resources available to obtain industry averages for commonly used ratios.
- Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.
- Look up the following industry-average ratios:
- Current ratio
- Debt ratio
- Gross profit margin
- Times interest earned
- Accounts receivable turnover
- Inventory turnover
- Return on Sales
- Asset Turnover
- Return on Assets
- Financial Leverage
- Return on Equity
- Submit a report. Looking for a 4 pg report comparing the above ratios to industry averages. Discuss whether your company's profitability, efficiency, liquidity, and solvency are better than, or worse then, its peers.
