10 Questions
What is the ratio of oranges to lemons in the bowl of fruit?
8:6
How can a ratio be specified?
Both as 'a to b' and the value of their quotient a/b
What is a statement expressing the equality of two ratios called?
Proportion
What are ratios of counts, given by non-zero natural numbers?
Rational numbers
In what specific context is a more specific definition of ratio adopted in physical sciences?
Physical quantities measured with the same unit
What is another name for an income statement?
Statement of financial performance
What does the income statement indicate?
Whether the company made money or lost money during the reported period
How are revenues and expenses further categorized in the statement of activities for charitable organizations?
By the donor restrictions on the funds received and expended
What is the purpose of the income statement?
To show managers and investors whether the company made money or lost money
How does the income statement represent the company's financial performance?
By showing how revenues are transformed into net income or net profit
Test your understanding of ratios with this quiz. Practice solving ratio problems and understanding the relationship between different quantities.
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