Question

1. Using the website Bizstats search for industry financial benchmark reports and select Corporation.
2. From the list provided, drill down to a specific industry income-expense statements, balance sheet benchmarks, and financial ratios for two different industries. Select two industries that you would expect to have some similarities. Personal and laundry services and Accommodation Food services
3. For these two industries, identify one significant similarity and one significant difference in financial information provided. Provide an explanation (your opinion) for the similarity and difference. Personal and laundry services and Accommodation Food services

The two different industries being compared should be Personal and laundry services and Accommodation Food services

Answer 1

Particulars	Ratio	Personal and laundry services	Accommodation Food services	Reason
Difference	Inventory Turnover	28.96	48.12	This ratio implies how many times the inventory has been turned over or how many times the inventory has been sold during a given year. In the case of Accomodation & Food ndustry, The inventory turnover ratio is bound to be higher than in case of Laundry services because people eat every day and laundry is required to be done once in three days, therefore demand for food is greater than demand for laundry and therefore a higher inventory is turned around in case of food and accomodation industry.
Similarity	Return on Sales	5.44%	6.78%	Return on sales refers to profit in $ made per 100 $ of sales. Although the turnover is higher in food and accomodation industry, but the margin is higher in case of laundry service. Thus the return on sales is almost the same in both the industries.