The network reduction technique and the Bodenstein approximation of quasi-stationary behavior of reaction intermediates were systematically applied to derive general yield ratio and rate equations for multi-cycle reaction networks in homogeneous catalysis. Dual-cycle reaction networks connected by a linear pathway, multi-cycle networks stemming from the same intermediate, and single-cycle with arbitrary number of pathways between two intermediates were considered. The general yield ratio and rate equations derived in this study are applicable for most enzymatic reactions and for homogeneous catalytic reactions. Examples of homogeneous catalysis were used to illustrate the application of the general yield ratio and rate equations for network elucidation.