11-12-2014, 12:05 PM
(11-11-2014, 08:57 PM)fakepnijjar Wrote: in 2010 the cost recovery ratio was 37% (which is already confusing, because that is a percentage and not a ratio).A ratio and a percentage are actually just two different ways of representing the same thing.
When they say 37%, they are saying:
37% of the total 100% of funding comes from revenues (whatever those revenues specifically entail). 63% from regional funding.
As a ratio, you could write that as:
37:63
They are looking to achieve 50% cost recovery, which would be a ratio of:
50:50