The Annual Returns (In Percent) for a Sample of Stocks

question 72

Multiple Choice

The annual returns (in percent) for a sample of stocks in the technology industry over the past year are as follows: (See the Excel Data File.) The average return is the closest to ________.

• A) -6.6
• B) -5
• C) 0
• D) 2.8

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Definitions:

Accounts Receivable

Funds that customers owe to a company for products or services that have been provided but remain unpaid.

Sales Trend

The analysis of sales data over a period of time to identify patterns, growth, or declines in sales performance.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including material, labor, and overhead costs.

Horizontal Analysis

An analytical technique in accounting that compares financial data over multiple periods to detect trends and changes.