Yes. A ratio is like a fraction, and it can be reduced. Often it already is, but if it isn't, it can be. Let's look. The numbers 5/8, 1/3 and 91/101 are fractions that can't be reduced. The ratio of 5 to 8 and 1 to 3 and 91 to 101 can be written 5:8, 1:3 and 91:101 and cannot be reduced. On the other hand, 2/4 and 3/9 can be reduced to 1/2 and 1/3 respectively. The same could be said of the ratios 2:4 and 3:9 which reduce to 1:2 and 1:3 respectively.
Chat with our AI personalities
Yes, they can.
when a number of ratios give the same answer after solving the ratios the ratios are said to be equivalent ratios
1 - Activity ratios 2 - Profitability ratios 3 - Liquidity ratios
1 - Activity Ratios 2 - Liquidity ratios 3 - Profitability ratios
Two ratios such as 8:20 and 6:15 are equivalent when they can be reduced to the same set of numbers through division or multiplication with a common factor. in this case dividing the numbers in the first ratio by 4 and the ones in the second ratio by 3 reduces them both to 2:5. Therefore 8:20 and 6:15 are equivalent ratios.