Convert to the Fractional Equivalent and Reduce to Lowest Terms $\frac { 2039 } { 1000 }$

question 95

Multiple Choice

Convert to the fractional equivalent and reduce to lowest terms: 20.399

• A) \(\frac { 2039 } { 1000 }\)
• B) \(20 \frac { 2 } { 5 }\)
• C) \(20 \frac { 399 } { 1000 }\)
• D) 21

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Definitions:

Financial Ratios

Quantitative metrics derived from financial statement analysis used by investors and analysts to evaluate a company's financial health and performance.

Working Capital

The discrepancy between an entity's immediate assets and its short-term obligations, reflecting its liquidity and effectiveness in day-to-day operations.

Cash Flows

The overall volume of cash transactions into and from a corporation, significantly affecting its liquidity status.

Financial Statement Analysis

The process of evaluating and reviewing a company's financial statements to make better economic decisions.