Question: Hello, I am working on a key financial table for the company Altria Group, Inc. (NYS:MO). However, I am having problems determining the industry average.
Hello,
I am working on a key financial table for the company Altria Group, Inc. (NYS:MO). However, I am having problems determining the industry average. For example, in my table I start with Leverage Ratio. First beginning with Long-term debt ratio followed by the formula (long term debt/total assets) and then the insert the calculations 49,271 / 27,042 = 0.54. I assume that the answer 0.54 is the industry average. Indeed, this information if taken from the company's 10K annual report.
However, when I go to the website CMI Market I do not know where to even look for the industry average. The table that I created also includes Total debt ratio, Debt to equity ratio, Net working capital to total assets ratio, Current Ratio, Assets turnover ratio, Net profit margin and Return on Assets.
Kind Regards,
Customer
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