Company #3 (in millions) 2,680.9 Operating revenues Operating Expenses: Compensation & benefits Assets Current assets: 835.7 Cash 176.4 62 Contract services 395.6 Accounts receivable (net) Selling general & admin. Total Operating Expense Operating Income (EBIT) Interest (net) 700.4 Prepaid expenses & other asset 98.6 337 1,096.0 Total current assets 1,584.9 Property, plant & equip. (net) Goodwill & other intangibles 291.8 140.3 28.1 Total assets 6769.1 Pretax 1,613.0 Таxes 580.7 Net Income 1,032.3 A. Company #1 is a: Service Organization Company #2 is a: В. Merchandising Organization Company #3 is a: C. Manufacturing Organization

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.