Fred Corporation and Ginger Company Are Dance Companies Assume That Each 20X3 Dollar Is Equivalent to 1

Multiple Choice

Fred Corporation and Ginger Company are dance companies. Comparative data for 20X3 and 20X6 are given below. $\begin{array}{llll}&&\text { Fred Corporation }&\text { Ginger Corporation }\\\text { Sales revenue } & 20 \times 3 & \$ 6,300,000 & \$ 4,500,000 \\& 20 \times 6 & 7,500,000 & 6,000,000 \\\\\text { Number of employees } & 20 \times 3 & 3,000 & 2,250 \\& 20 \times 6 & 3,500 & 3,250\end{array}$ Assume that each 20X3 dollar is equivalent to 1.60 of the 20X6 dollars, due to inflation. is Fred Corporation's 20X3 revenue per employee in terms of 20X6 dollars.

A) $1,800.00
B) $2,100.00
C) $2,142.86
D) $3,360.00