Dun & Bradstreet and Robert Morris association compile financial information about many companies. they provide, among other information, income statements and balance sheets for an average firm in an industry.
a) the percentage of assets in current assets and fixed assets.
b) the percentages of financing from debt financing and owner's equity.
c) the gross profits and operating profits as a percentage of sales.
There are various companies which compile information to determine average operations for industries. This information is utilized in various ways for projection preparation and loan underwriting in banks.
Answer and Explanation: 1
The answer is c) the gross profits and operating profits as a percentage of sales.
Dunn and Bradstreet and Robert Morris Association are third...
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fromChapter 4 / Lesson 6
How do you know that your business is better than others in your industry? In your business plan, the industry analysis is a detailed and informative section that explains the industry you will be operating in and why your business is a unique addition to the industry.