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For those who want to simply "learn an exact Science" (rote learn!), then don't take Eco. Sure it applies to things that change every day - that's where the challenge lies!! The level of Maths is pretty basic - General Maths should get you through OK. Extremely useful in life - you won't sound...

Seza16 - not sure what you mean by "read' a Balance sheet. However, know your ratios and extract that info from the Bal Sheet - this will get you part of the way. Generally questions on Financial management require you to not only CALCULATE ratios but then to INTERPRET them! Any General maths...

It's Total Liabilities / Owners Equity! Represents how much of the business is funded by external debt compared to internal debt. The higher the ratio, the more highly geared the business is and so therefore is more susceptible to outside influences such as interest rate rises, etc.