The following table shows key operating statistics for the four largest public accounting firms: a. Determine the

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The following table shows key operating statistics for the four largest public accounting firms:

U.S. Net Revenues (in millions) $10,938 8,034 Professional No. of Partners 2,882 2,204 2,300 1,759 Staff 33,688 21,661 D

a. Determine the revenue per partner and revenue per professional staff for each firm. Round to the nearest dollar.

b. Interpret the differences between the firms in terms of your answer in (a) and the table information?

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Financial & Managerial Accounting

ISBN: 978-1285868776

13th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Apr 19, 2018 06:31 AM

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The following table shows key operating statistics for the four largest public accounting firms: a. Determine the

Question:

U.S. Net Revenues (in millions) $10,938 8,034 Professional No. of Partners 2,882 2,204 2,300 1,759 Staff 33,688 21,661 Deloitte & Touche PwC Ernst & Young 17,500 14,762 7,100 4,889 KPMG

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a Revenue per Revenue per Partner Professional Staff Deloitte Touche 3795281 324685 PwC 3645191 370897 ErnstYoung 3086957 405714 KPMG 2779420 331188 P...View the full answer

Financial & Managerial Accounting

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