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A Cross-Industry Analysis of Financial Ratios: Comparabilities and Corporate Performance.

A Cross-Industry Analysis of Financial Ratios: Comparabilities and Corporate Performance, by J. Edward Ketz, Rajib K. Doogar and David E. Jensen, Quorum Books, 88 Post Road West, Box 5007, Westport, Connecticut 06881, 1990, 218 pp., $49.95.

This academic study was designed to compare industry schemes for classifying financial ratios. The authors look at data for seven different industries over a 10-year period. They attempt to reduce the number of variables encountered when using factor analysis and develop classification patterns for individual industries and for the economy as a whole.

The results of the study provide useful information about the relationship between different ratios within each of the industries studied (autos and aerospace, rubber, chemicals, oil, food, steel and textiles), as well as the interrelationship of ratios for the economy as a whole. Academics who do research in this area and practitioners who specialize in any of the industries studied may want to acquire this book.
COPYRIGHT 1991 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Fogg, Stephen L.
Publication:Journal of Accountancy
Article Type:Book Review
Date:Jun 1, 1991
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