Determine the Following Ratio

question 47

Multiple Choice

Determine the following ratio. Write the ratio as a fraction in lowest terms.
-9 quarters to 16 dollars

• A) 9:16
• B) 64:9
• C) 9:64
• D) 16:9

---

Definitions:

Impairment Loss

A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount, recognized in the financial statements.

Net Realizable Value

The estimated selling price of goods, minus estimated costs of completion and any costs necessary to make the sale.

Volume Rebates

Discounts or refunds provided to buyers based on the volume of goods or services purchased over a specified period.

IAS 34

refers to the International Accounting Standard 34 "Interim Financial Reporting" that outlines how to report financial figures for interim periods.