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

question 25

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 percent
• B) 17.67 percent
• C) 20.53 percent
• D) 24.20 percent
• E) 32.25 percent

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Definitions:

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank.

Bank Statement

A monthly or quarterly document provided by a bank detailing the account holder's transactions, balances, and fees.

Cash Account

An account that records all transactions involving cash inflows and outflows.

Asset Account

An account on a company’s balance sheet that represents a resource controlled by the company as a result of past events and from which future economic benefits are expected.