Ratios must refer to economically important relationships, such as a sale price compared to its cost.

Name: Ratios must refer to economically important relationships, such as a sale price compared to its cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is correct. Ratios are used to analyze and compare economic data, such as the relationship between revenues and expenses, profit margins, and return on investment. These relationships help businesses make informed decisions about pricing, production, and investment strategies.

Ratios Must Refer to Economically Important Relationships, Such as a Sale