Change the Percent to a Fraction or a Mixed Number

question 134

Essay

Change the percent to a fraction or a mixed number in lowest terms.
45%

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Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

Warranty Expense

Costs associated with the obligation to repair or replace products within a specified period due to defects or malfunctions, recognized as a liability on the balance sheet.

Repairs

Expenses incurred to restore an asset to a condition where it can be effectively used.

Warranty Expense

Costs incurred by a company to repair, replace, or service products due to manufacturing defects or failures during the warranty period.