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Earn +20 ptsQ: How do you solve ratio's word problems?
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How are ratios classified?
Ratios are often classified using the following terms: profitability ratios (also known as operating ratios), liquidity ratios, and solvency ratios.
Ratios?
Ratios
Are ratios always rational?
No, but the reverse is true. All rational numbers are ratios but not all ratios are rational. You will often come across π being defined as the RATIO of the circumference of a circle to its diameter (there are other definitions). However, the word "rational" is derived from "ratio".
What are ratios that are equal?
They are called equivalent ratios.
What are ratios that have same value?
Equivalent ratios.
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