Annual Statement Studies Reported the Following Figures for Manufacturers of Screw

question 13

Multiple Choice

Annual Statement Studies reported the following figures for manufacturers of screw machine products for the ratio of current assets to current debt.The following figures are for a particular industry's current ratio: 1.6;1.3;1.2.Which best describes these three numbers?

• A)One third of each of the companies experienced each of the ratios.
• B)The average ratio was 1.3.The best firm had 1.6;The worst had 1.2.
• C)The median was 1.3.1.6 is the figure for the upper quartile;1.2 is the figure for the lower quartile.
• D)The median was 1.3.1.6 is the figure for the lower quartile;1.2 is the figure for the upper quartile.
• E)None of the answers are correct.

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