Successful food & beverage (F&B) operations are consistently monitoring performance through various operating metrics, key performance indicators (KPIs) and financial ratios. This approach allows such operations to respond agilely to standards and/or financial variances by implementing corrective actions aimed to swiftly adjust course and maintain profitability. 1. What ratios are most commonly used in F&B operations? 2. Should ratio results be compared against industry standards? Explain your answer 3. Should financial information be shared with team members? Explain you answer