The relationship of $353,301 to $124,039, expressed as a ratio, is a.0.7 to 1 b.1.5 to 1 c.4.3 to 1 d.2.8 to 1
The relationship of $353,301 to $124,039, expressed as a ratio, is a.0.7 to 1 b.1.5 to 1 c.4.3 to 1 d.2.8 to 1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The relationship of $353,301 to $124,039, expressed as a ratio, is
a.0.7 to 1
b.1.5 to 1
c.4.3 to 1
d.2.8 to 1
Expert Solution
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Step 1
Ratio analysis is a method of measuring the financial position of the organization with different kinds of ratios such as liquidity ratio, profitability ratio, solvency ratio. These ratios help to compare two or more financial statements.
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