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Ratio Analysis - 3
Define accounting ratio.
Mathematical expression showing relationship between two logically connected figures from financial statements.
Name three types of ratios by statement source.
P&L Account Ratios, Balance Sheet Ratios, Composite/Inter-statement Ratios.
What are the five functional ratio classifications?
Profitability, Turnover/Activity, Short-term Solvency, Long-term Solvency/Leverage ratios.
State the ideal Current Ratio benchmark per Tandon-Chore framework.
1.33:1 for bank-financed working-capital units.
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