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Earn +20 ptsQ: Do ratios reduce
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How do you reduce ratios?
Same as fractions. Check if there is a common factor, then divide both numbers by the common factor.
Are you able to tell if two different ratios are equalivent how do you work out those types of problems?
For example the ratios 1:2 and 6:12. That would be the same as 1/2 and 6/12. Punch those numbers into your calculator or reduce. You should get .5 for both. If you reduce 6/12 is the same as 1/2.
What are equivlent ratios?
when a number of ratios give the same answer after solving the ratios the ratios are said to be equivalent ratios
What are the three types of ratios?
1 - Activity ratios 2 - Profitability ratios 3 - Liquidity ratios
What are 3 types of ratios?
1 - Activity Ratios 2 - Liquidity ratios 3 - Profitability ratios
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