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 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.
Document Requirements:
Use standard 12-point font size
MS Word Document
Double-Spaced
3/4-1 page paper(I will certainly not need anything more then one page)
1-2 references in APA citation( I willn’t need anymore then 3 sources for sure)
Thorough Response is a must!!
And NO plagiarism!!
