Refer to Table 12.2 for the Following Questions

question 4

Multiple Choice

Refer to Table 12.2 for the following questions.
Table 12.2

-Refer to Table 12.2.Calculate the rate of increase in the price level from 2012 to 2013.

• A) 8.6 per cent
• B) 7.9 per cent
• C) -7.9 per cent
• D) -8.6 per cent

---

Definitions:

Ratio Analysis

A quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing line items on financial statements.