Question: Below are selected financial data for your client for the current year and corresponding data for the clients industry. Return on Sales Return on Assets

Below are selected financial data for your client for the current year and corresponding data for the client’s industry.
Return on Sales
Return on Assets
Current Ratio
Inventory Turnover
Accounts Receivable Turnover
Days Sales in Receivables
Debt Ratio
Requirement
Write a memo to your client comparing his or her business to the industry averages and explain to the client the value of common-size financial statements.

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