The table shows the revenue and expense data for five product lines of a company. P-index...
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The table shows the revenue and expense data for five product lines of a company. P-index for a product line is defined as the ratio of profit to revenue, where profit equals the revenue less the expense. Also, percent profit equals the ratio of profit to expense multiplied with 100. Product Share of Revenue Share of Expense 20% 32% 16% 24% 30% 25% 30% 12% 4% 7% P Q R S T If it is known that all the product lines made a loss except for one product line which made no profit and no loss, what is the ratio of the expenses to the revenue for the entire company? The table shows the revenue and expense data for five product lines of a company. P-index for a product line is defined as the ratio of profit to revenue, where profit equals the revenue less the expense. Also, percent profit equals the ratio of profit to expense multiplied with 100. Product Share of Revenue Share of Expense 20% 32% 16% 24% 30% 25% 30% 12% 4% 7% P Q R S T If it is known that all the product lines made a loss except for one product line which made no profit and no loss, what is the ratio of the expenses to the revenue for the entire company?
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To find the ratio of expenses to revenue for the entire company we need to determine which product l... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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