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.
Correct Answer:
Verified
Correct Answer:
Verified
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