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No. It can be but need not be. For example, you might calculate the ratio of today's temperature in Celsius and in Fahrenheit and calculate the ratio. That is not a rate.
calculate the ratio between proton&electron
The related link provides an excel template and some notes on how to calculate the sharpe ratio..pretty simple and effective.
There are different concrete mixes and the will depend on which mix it is. The material ratio will remain the same whatever the volume is.
Net Capital Ratio =Total assets / Total Liabilities