Use the Figure Below to Answer the Following Question(s)

question 322

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-8

Refer to Figure 4-8. How much revenue does the $40-per-ton tax generate for the government?

• A) $600 million
• B) $700 million
• C) $2.4 billion
• D) $2.8 billion

---

Definitions:

Dollar of Sales

The total monetary value of sales transactions completed over a specific period.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets relative to its current liabilities.

Numerator

The top number in a fraction or ratio that represents the part of the whole being considered.

Denominator

In mathematics, the denominator is the bottom part of a fraction that indicates how many equal parts the whole is divided into.