There are a variety of tools available to assist business owners to better understand the performance and position of their business. One such tool, provided by the ATO, allows a financial ratio comparison of an entity with that of its industry. Access the industry benchmarks used by the ATO’s tool at www.ato.gov.au/Business/Small-business-benchmarks/In-detail/Benchmarks-byindustry.  Assume that you own a small business with a turnover of $400000 in the new and used car sales industry. Identify the benchmarks available for comparison purposes and discuss how you can use these benchmarks to compare the performance of your business.