A highway contractor needs to locate a single supply point to provide road building materials to four projects. The four projects, which are all approximately the same magnitude, are located at the following coordinates. Coordinate units are in miles.
(a) What is the center of gravity?
(b) If a single truck were sent from center-of-gravity to each project and back (four round trips), how many miles would be traveled?
Definitions:
Common Size Percentages
Financial analysis tool that expresses each line item in a financial statement as a percentage of a base figure.
Cost of Goods Sold
Direct costs attributable to the production of the goods sold by a company, including materials and labor costs.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.
Financial Information
Data that pertains to the financial status, performance, and changes in the economic resources of an entity.
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