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 such as CUBE Insurance Services Ltd. company) 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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