The purpose of the project is to use resources available to obtain industry averages for commonly used ratios. Additionally, you will compare company ratio results to industry averages.

Obtain the four-digit primary SIC (Standard Industrial Classification) Code and industry title for your company. Record the primary SIC code and industry title at the top of the Ratio Analysis Worksheet.
Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code.
Look up the following industry-average ratios:

Current ratio
Debt ratio
Gross profit margin
Times interest earned
Accounts receivable turnover
Inventory turnover
Return on Sales
Asset Turnover
Return on Assets
Financial Leverage
Return on Equity

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