Step 1: Recall what SAS similarity actually requires.
SAS similarity needs one equal angle, with the two sides forming (including) that angle proportional. Since the equal angle given is $\angle C = \angle R$, the sides that must be compared are exactly the ones touching $C$ and $R$.
Step 2: Identify the including sides at C and R.
In $\Delta ABC$, the sides meeting at $C$ are $AC$ and $BC$. In $\Delta PQR$, the sides meeting at $R$ are $PR$ and $QR$. These are the only sides SAS similarity can relate here.
Step 3: Eliminate options that use the wrong sides.
Option (A) uses $AB$ and $PQ$, which do not touch $C$ or $R$, so it is ruled out. Options (B) and (C) mix an including side with a non-including side. Only option (D), $\frac{AC}{BC} = \frac{PR}{QR}$, pairs the two sides that actually include the equal angles.
\[ \boxed{\frac{AC}{BC} = \frac{PR}{QR}} \]