1. ratios help us understand a company's ability to turn short-term assets into cash. Liquidity Asset Turnover Profitability Debt 2. ratios help us understand a company's debt load as well as its mix of equity and debt. Liquidity Asset Turnover Profitability Debt 3. ratios are a class of financial metrics that are used to assess a business's ability to generate earnings. Liquidity Asset Turnover Profitability Debt