Advertisements
Advertisements
Question
Ratios that are calculated for measuring the efficiency of operations of business based on effective utilisation of resources are known as ______.
Options
Liquidity Ratios
Turnover Ratios
Solvency Ratios
Profitability Ratios
MCQ
Fill in the Blanks
Advertisements
Solution
Ratios that are calculated for measuring the efficiency of operations of a business based on effective utilisation of resources are known as turnover ratios.
Explanation:
Turnover ratios are computed to assess the operational efficiency of a business by evaluating the effective use of its resources.
shaalaa.com
Is there an error in this question or solution?
