What types of deviations from the norm should the analyst pay primary attention to when performing cross-sectional ratio analysis? Why?

The analyst should devote primary attention to any significant deviations from the norm, whether above or below. Positive deviations from the norm are not necessarily favorable. An above-normal inventory turnover ratio may indicate highly efficient inventory management but may also reveal excessively low inventory levels resulting in stockouts. Further examination into the deviation would be required.