__________are calculations typically used to track a business's liquidity, efficiency, and profitability over time compared to other businesses in its industry.
A) Budgets
B) Balance sheets
C) Financial ratios
D) Income statements

Question

Quizplus · Accepted Answer

Financial ratios are calculations used to assess a business's liquidity, efficiency, and profitability by comparing key financial indicators to industry benchmarks. Budgets are financial plans that focus on anticipated revenues and expenses. Balance sheets provide a snapshot of a company's financial position at a specific point in time. Income statements show a business's revenue and expenses over a specific period of time.

__________Are Calculations Typically Used to Track a Business's Liquidity, Efficiency