Working independently, complete the assignment on pages 234–240 of Module 4, in which you will perform a financial analysis on one retail company based on the given financial statements. As you work, try to answer the following questions:
- What is the main purpose of completing ratio analysis using any firm's financial statement?
- What are the categories of financial ratios?
- It is important to remember that financial ratio guidelines may be different for one industry as compared to another.