the following information to complete the balance sheet below. Sales is 60 percent, and fixed asset turnover is 1.50 times. (Enter your ans ets urrent assets xed assets tal assets Balance Sheet lities and Equity tal liabilities tal equity tal liabilities and equity $ $ LA million million 0.00 million million million 0.00 million
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
The financial ratios are very important in analysing the financial health of the company and it shows the financial health and financial performance of the company.
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