Refer to the Information Provided in Table 31

question 79

Multiple Choice

Refer to the information provided in Table 31.2 below to answer the question(s) that follow.
Table 31.2

-Refer to Table 31.2. During Period 1, output per capital is equal to

• A) 0.25.
• B) 1.0.
• C) 2.0.
• D) 4.0.

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Definitions:

Net Income

The amount of money a business keeps after deducting all expenditures and taxes from its overall revenue.

Average Number

A mathematical concept that represents the central or typical value in a set of numbers, calculated by dividing the sum of all values by the count of numbers.

Current Assets

Assets owned by a company that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle.

Gross Profit

The difference between total revenue and the cost of goods sold, before deducting any selling, administrative, or other expenses.