Correct Answer: All of the above

Solution : Answer = All of the above.

Accounting ratios aid in analyzing financial statements to assess a company's performance, financial health, and efficiency. Ratios simplify complex accounting data into meaningful metrics that can be easily interpreted and compared, facilitating decision-making processes. Ratios assist in identifying weaknesses or areas of concern within a business by highlighting inefficiencies, financial risks, or operational issues that need attention.
Hence, the correct option is 4.