There are several ratios that users of financial statements can work with to evaluate a company's performance. However, not all ratios are important for or applicable to all organizations. In particular, service organizations have different business models than manufacturing organizations.

# Explain which financial ratios would be applicable to the service companies (Insurance companies ..etc) and which would not? State the reasons for your assertions.

Note 1: Scholarly resources, deep and detailed analysis are required.

Optional resource:

Heisinger, K., & Hoyle, J. B. (n.d.). Accounting for Managers.https://2012books.lardbucket.org/books/accounting-for-managers/index.html

(Chapter 13)

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