1. Obtain the four-digit primary SIC (Standard Industrial Classification) Code and industry title for LOWES Lowes INC. Record the primary SIC code and industry title at the top of the Ratio Analysis Worksheet.
2. Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.
3. Look up the following industry-average ratios:
   1. Current ratio
   2. Debt ratio
   3. Gross profit margin
   4. Times interest earned
   5. Accounts receivable turnover
   6. Inventory turnover
   7. Return on Sales
   8. Asset Turnover
   9. Return on Assets
   10. Financial Leverage
   11. Return on Equity

Note that some industry averages may not apply to your company.