Annual Statement Studies Reported the Following Figures for Manufacturers of Screw

question 13

Multiple Choice

Annual Statement Studies reported the following figures for manufacturers of screw machine products for the ratio of current assets to current debt.The following figures are for a particular industry's current ratio: 1.6;1.3;1.2.Which best describes these three numbers?

• A)One third of each of the companies experienced each of the ratios.
• B)The average ratio was 1.3.The best firm had 1.6;The worst had 1.2.
• C)The median was 1.3.1.6 is the figure for the upper quartile;1.2 is the figure for the lower quartile.
• D)The median was 1.3.1.6 is the figure for the lower quartile;1.2 is the figure for the upper quartile.
• E)None of the answers are correct.

---

Definitions:

Scope

The extent or range of view, outlook, application, operation, or effectiveness of an object or subject.

Media Richness

The ability of a communication medium to effectively convey information and promote understanding.

Organizational Techniques

Methods or strategies used to structure, arrange, and manage tasks or information efficiently.

Journalistic Approach

A method of inquiry and reporting that seeks to gather and present information in an accurate, objective, and concise manner.