Which One of the Following Is the Correct Formula for Calculating

question 17

Multiple Choice

Which one of the following is the correct formula for calculating the percent coefficient of variation of a set of measurements?

• A) CV = standard deviation *100%
• B) CV = standard deviation / 100%
• C) CV = (standard deviation ÷ mean) * 100%
• D) CV = (mean + standard deviation) / 100%

---

Definitions:

Income Summary

An account in the closing process that summarizes revenues and expenses for a period, transferring the net result to owner's equity.

Retained Earnings

The portion of a company's profits not distributed as dividends but reinvested in the business or kept as reserve.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.

Permanent Accounts

Balance sheet accounts that carry their ending balances over into the next accounting period, such as assets, liabilities, and equity accounts.