Exhibit: Factors of Production Data
Use the data in the exhibit to complete a and b.
a.Compute and report the value of growth in total factor productivity
((At - At-1)/At-1)in each period from periods 2 through 5.If the value of A is 1.000 in period 1,also report the value of A in each period.
b.Does the value of A rise in each period? If it declines,do you think this decline is because technological progress works backwards? If so,explain your answer.If not,provide another explanation.
Definitions:
Days' Sales in Inventory
A financial metric indicating the average number of days it takes for a company to turn its inventory into sales.
Dividend Yield
A financial ratio that shows how much a company pays out in dividends each year relative to its share price.
Total Asset Turnover
A financial ratio that measures a company's efficiency in using its assets to generate sales or revenue.
Inventory Turnover
A ratio showing how many times a company has sold and replaced inventory over a given period, indicating the efficiency of inventory management.
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