Which of the following set of ratios is used to assess a business’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time?

(A) Liquidity Ratios(X)
(B) Leverage Ratios(X)
(C) Profitability Ratios ()
(D) Market Value Ratios(X)

Answers: Which of the following set of ratios is used to assess a business’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time Profitability Ratios.