What Are the Three Major Classifications of Ratios That Are

question 17

Essay

What are the three major classifications of ratios that are used to analyze financial statements? What is measured by each of these types of ratios?

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Definitions:

Welfare

The health, happiness, and fortunes of a person or group, often considered in policy and economic discussions.

Individualism

A social theory emphasizing the moral worth of the individual and the importance of personal independence and self-reliance.

Needs

Basic or psychological requirements for the well-being of an individual.

Autonomy

The degree of freedom and independence an individual or entity has to make choices and decisions without external control.