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.
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 - Liquidity ratios 3 - Profitability ratios
1 - Activity ratios 2 - Profitability ratios 3 - Liquidity 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.
Yes, they can.
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
Each number can be reduced by two, and no more. So 7:6.
The two sides are proportional.
The ratio is 2 to 1. You can treat ratios almost as fractions in the way that they can be reduced by dividing by a common factor.
when a number of ratios give the same answer after solving the ratios the ratios are said to be equivalent ratios
Ratios are often classified using the following terms: profitability ratios (also known as operating ratios), liquidity ratios, and solvency ratios.
Fractions and ratios sometimes need to be reduced to lower terms. Numbers never do. In fact, "lowest terms" is meaningless when you're talking about a number.
Ratios
1 - Activity Ratios 2 - Liquidity ratios 3 - Profitability ratios
1 - Activity ratios 2 - Profitability ratios 3 - Liquidity ratios