Leslie Lum's Introduction to Business: Readings and Workbook: "Module 4: Accounting, Financial Analysis, and Banking"

Working independently, complete the assignment on pages 234–240, where 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.