It is helpful to develop an expectation of what you think you might see in your data. What industry do you believe will have the highest and lowest values for the 2019 fiscal year for each item below? Think about how industries differ in terms of net income, sales, total assets and shareholders' equity. Which industries likely have high profit margins? Why? Which industries will need more or fewer assets to generate sales? Why? Are some industries more likely to use debt financing? Why? How does government regulation of public utilities likely influence their ratios? Industries in the case: Automobiles & Components Food & Staples Retailing Household & Personal Products Telecommunication Services Utilities Materials Food, Beverage & Tobacco Commercial & Professional Services Consumer Durables & Apparel Energy Transportation Retailing Consumer Services Media & Entertainment Semiconductors & Semiconductor Equipment Capital Goods Technology Hardware & Equipment Software & Services