Returns for the Alcoff Company Over the Last 3 Years $\begin{array}{rr}\text { Year } & \text { Return } \\2010 & 21.00 \% \\2009 & -12.50 \% \\2008 & 25.00 \%\end{array}$

question 77

Multiple Choice

Returns for the Alcoff Company over the last 3 years are shown below.What's the standard deviation of the firm's returns? (Hint: This is a sample, not a complete population, so the sample standard deviation formula should be used.) $\begin{array}{rr}\text { Year } & \text { Return } \\2010 & 21.00 \% \\2009 & -12.50 \% \\2008 & 25.00 \%\end{array}$

• A) 20.08%
• B) 20.59%
• C) 21.11%
• D) 21.64%
• E) 22.18%

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Definitions:

June 30

June 30 typically marks the end of the fiscal year for many companies and organizations, used as a key date for financial reporting and tax purposes.

Credit Sales

Transactions where the customer is allowed to purchase goods or services and pay for them at a later date.

Cash Received

The actual inflow of cash into a business from various sources, including operations, financing activities, and investing activities.

Total Sales

The aggregate revenue generated from all sales activities before any deductions are made.