Ratio analysis can help business owners select one: a. secure funding b. manage operations a. understand their performance relative to peers d. of the above

The correct answer is: **d. of the above** **Explanation:** **Ratio analysis** is a powerful tool that helps business owners evaluate various aspects of their company's financial health and performance. Here's how it applies to each option: 1. **Secure Funding (a):** Lenders and investors often use financial ratios to assess the viability and stability of a business before providing funding. Ratios like debt-to-equity, current ratio, and return on assets can influence funding decisions. 2. **Manage Operations (b):** Operational efficiency can be monitored through ratios such as inventory turnover, accounts receivable turnover, and operating margin. These insights help in optimizing day-to-day business activities. 3. **Understand Performance Relative to Peers (c):** Comparative ratios allow businesses to benchmark their performance against industry standards or competitors. This helps in identifying strengths and areas needing improvement. Since ratio analysis assists in all the above areas, **option d. of the above** is the most comprehensive and correct choice.