What$$does each of the following categories of ratios mean to a$$Financial person:$$

$$ Profitability

$$ Liquidity

$$ Activity

$$ Gearing

$$ Investor$$

Use your formulas to calculate the following ratios:$$

$$ Profitability

$$ Liquidity

$$ Activity

$$ Gearing$$

$$Using the ratios report on the financial performance, efficiency and working capital management of the company.$$

$$Critically discuss the use of traditional budgeting in modern organisations.