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P2 C5 ACCOUNTNG RATIOS AND ANALYSIS — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C5 ACCOUNTNG RATIOS AND ANALYSIS1 Mark
Question
Why efficiency ratios are developed?
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Answer

The profitability of business increases, when all resources and equipments acquired by the business entity are used efficiently. In this context efficiency ratios are developed.

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