Accounts receivable turnover

Reference no: EM13753212

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.

Reference no: EM13753212

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