Monday, September 19, 2011

Sources for Obtaining Industry Norms to Compare Financial Ratios

 There are various sources for obtaining industry norms to compare financial ratios that include websites such as, Business, Economic Census: Concentration Ratios, Google Finance and Yahoo Finance Stock Screener. The information is also available in various financial books such as Building Financial Model, Business Ratios and Formulas, Decoding Financial Statement, The Lender’s Tool Kit, Smart Financial Management (Helfert, 2001).Assignment Help The investor has to be aware of some limitations, when using industrial comparison such as inflation should not be badly distorted, uses of different accounting practices like, FIFO/LIFO, Leasing/ Buying equipment and also mixture of good and bad ratio makes difficult to identify the status of the company (Madura, 2003).

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Helfert, E. A. (2001). Financial analysis: tools and techniques: a guide for managers. USA: McGraw-Hill Professional.

Madura, J. (2003). What every investor needs to know about accounting fraud. USA: McGraw-Hill Professional.