Write the Statement as a Ratio in Lowest Terms

question 69

Multiple Choice

Write the statement as a ratio in lowest terms.
-24 hours to 8 days

• A)72
• C)3

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Definitions:

Expense Accounts

Accounts used to track money spent or costs incurred in a business's operational activities.

Asset Accounts

Accounts that track the value of a company's economic resources, or assets, such as cash, inventory, property, and equipment.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Accounting

An information system that provides reports to stakeholders about the economic activities and condition of a business.