Financial Statement Analysis: Part I

DUE: 10.24.14 @ 11:59PM

Standard Industry Classification codes (SIC) are used for financial statement ‘benchmarks’ analysis. Your company’s financial results would need to be compared to others. SICs provide the format to compare a particular company’s financial data to their respective SIC- industry averages.

• Explain how you would use SIC codes to analyze a Company Xs Accounts Receivable Turnover of four times per year versus a SIC rate of eight times per year.

Document Requirements:

Use standard 12-point font size

MS Word Document

Double-Spaced

3/4-1 page paper(I will certainly not need anything more then one page)

1-2 references in APA citation( I willn't need anymore then 3 sources for sure)

Thorough Response is a must!!

And NO plagiarism!!