Question: Standard Industry Classification codes (SIC) are used for financial statement benchmarks analysis. Your company's financial results would need to be compared to others. SICs provide

Standard Industry Classification codes (SIC) are used for financial statement "benchmarks" analysis. Your company's financial results would need to be compared to others. SICs provide the format to compare a particular company's financial data to their respective SIC-industry averages.

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Standard Industry Classification codes (SIC) are used for financial statement \"benchmarks\" analysis. Your company's financial results would need to be compared to others. SICs provide the format to compare a particular company's financial data to their respective SIC-industry averages. Explain in at least 150 words how you would use SIC codes to analyze a Company Xs Accounts Receivable Turnover of four times per year versus a SIC rate of eight times per year

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