Concept:Accounting ratios summarise financial data to show relationships between figures, helping users analyse business performance.
Explanation:Ratios are calculated from financial statements to measure profitability, liquidity, and efficiency.
They present complex information in a simple form.
This helps management compare results over time or against other businesses.
It also guides planning and control by revealing strengths and weaknesses.
Ratios do not directly expose errors or frauds.
They are not normally required by law.
Their main benefit is that they provide useful insight for making decisions.
Answer:C. facilitate decision making