1. Describe the three ways in which a ratio can be expressed. 2. List and briefly discuss the four bases on which a ratio can be compared. 3. Which three groups are the main users of financial ratios? 4. What is the value in calculating a current ratio? Contrast how creditors and owners view this ratio. 5. Why can a hotel, motel, or restaurant usually operate with a current ratio considerably lower than other types of businesses, such as manufacturing 6. Why is maintaining a current ratio that is too high not a good business 7. Explain why the calculation of a credit card receivables average collection 8. Define the term profitability companies? practice? period is a meaningful statistic. 9. Why is a high total asset to total liabilities ratio desired by creditors