Re: 2015 Business Studies Marathon
Awesome thanks.
Can someone explain how to calculate the ratios. I understand that we do what it says, say divide x by y, then obviously in the calculator we don't usually get a something:1 answer, yet the answers seem to want it in a something:1 ratio, is this correct? If so, to change the fraction into a something:1 ratio, do we just use the decimal answer for whatever the calculation is, put that as the 'something' then to 1 (something:1), or is there another way?
E.g. calculate the current ratio... (current assets = 73k, current liabilities = 57k) (current assets/current liabilities).
You get 73/57.