Ratios can be used for different purposes. For example, a variety of ratios have been developed to assess a firm's liquidity. Similarly, ratios have been developed to assess solvency, profitability, and stock market strength. A sample of commonly used ratios for these purposes is provided in the table below.
Required:
In the middle column of the table, provide the formula to compute the specified ratio. In the final column, indicate the purpose (Liquidity, Solvency, Profitability, and Stock market strength) for which the ratio is most commonly used. The first item is completed as an example. 
Definitions:
Family Communication
The process through which family members share information, express emotions, and convey messages to one another.
Neutral
An unbiased or impartial state, without taking any sides or expressing any particular viewpoint or emotion.
Family Members
Individuals related by blood, marriage, adoption, or other legal affiliations, often sharing a common domicile and participating in various domestic and emotional bonds.
Schizotypal Personality Disorder
A mental health disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.
Q6: Indicate whether each of the following statements
Q38: The time spent moving a product from
Q45: Upstream costs are classified as product costs
Q58: The Szakos Company engaged in the following
Q62: Comparative income statements for Chicago Company are
Q80: During its first year of operations, Silverman
Q89: Depreciation on manufacturing equipment is an indirect
Q98: Phan Company has not reported a profit
Q101: What effect will the declaration and distribution
Q170: The following information is for a product