RATIO Definition

RATIO is the relative size, expressed as the number of times one quantity is contained in another (for example, the ratio of assets to liabilities of a company having total assets of $200,000 and liabilities of $150,000 would be $200,000 divided by $150,000 = 1.33).

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OPERATING REVENUE is that revenue realized from the day-to-day operations of the entity, e.g., sales revenue.

FLAT RATE is a per unit price that remains constant regardless of the volume purchased.

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