To be useful,a ratio must refer to economically important relationships,such as a sale price compared to its cost.

Name: To be useful,a ratio 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

Ratios that refer to economically important relationships, such as cost and revenue, are more useful in decision-making than ratios that do not have a significant impact on the financial performance of a business.

To Be Useful,a Ratio Must Refer to Economically Important Relationships,such