In a Study of Employee Stock Ownership Plans,data Were Collected

question 68

Short Answer

In a study of employee stock ownership plans,data were collected at seven companies on satisfaction with the plan and the amount of organization commitment. It can be shown that for these data: Calculate b₁.

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Definitions:

Days' Sales

Days' sales, often referred to as days sales outstanding (DSO), measures the average number of days it takes a company to collect payment after a sale has been made.

Raw Materials Inventory

The total cost of all the materials that are used in the production of finished goods that have not yet been used.

Inventory Turnover

A financial ratio that measures how often a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.

Net Income

The company's financial gain remaining after deducting all expenses and tax liabilities from its revenue.