Over the Past Four Years, Hi-Tech Development Stock Returned 35

question 62

Multiple Choice

Over the past four years, Hi-Tech Development stock returned 35.2, 38.8, 18.4, and −32.2 percent annually. What is the arithmetic average return?

• A)15.05%
• B)17.67%
• C)20.53%
• D)24.20%
• E)32.25%

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Definitions:

Consulting Firm

A professional service organization that provides expert advice to businesses and organizations across a diverse range of industries and sectors.

Service Company

A business that provides intangible products or services to customers or clients, as opposed to selling physical goods.

Purchasing Cycle

A sequence of steps or procedures undertaken by a business to acquire goods or services from suppliers.

Merchandising Company

A business that purchases finished products and sells them to consumers without changing the physical form of the goods.