Why does the significance of financial ratios change according to industry or business practices?

Assignment details attached (highlighted in yellow) req reading attached. At least two resources needed (attached) unsure if you will need anymore)

Assignment instructions:
Consider the articles by Andrijasevic and Pasic (2014) and Mankin and Jewell (2014) assigned in this unit. Discuss the following questions on financial analysis. In addition, discuss why it is important to ask and answer these questions.
1. Why does the significance of financial ratios change according to industry or business practices?
2. Since ratios are often refined by analysts in their search for deeper insights, to what extent can ratio analysis be standardized?
3. How can financial ratios best be interpreted?

Why does the significance of financial ratios change according to industry or business practices?
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