Metal Prices (£ per ounce) 1,200 1,122 1,127 Gold Platinum 1,100 1,000 1,033 1,117 900 606 887 762 879 878 878 800 700 LZ/ 679 600 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Largest Producers of Iron Ore Year 6 Capacity Share of Total £ per (tonnes) Production Tonne Brazil 539.5m 14.7% Year 1 170.88 UK 465.0m 12.6% Year 2 134.62 Australia 407.7m 11.1% Year 3 128.87 China 169.6m .2.3% Year 4 92.74 S. Africa 74.9m 2.0% Year 5 62.29 Iran 59.5m 1.6% Year 6 51.36 What was the average price of Gold per ounce across the six years shown?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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Metal Prices (£ per ounce)
1,200
1,122
1,127
Gold
Platinum
1,100
1,000
1,033
1,117
900
606
887
762
879
878
878
800
700
LZ/
679
600
Year 1 Year 2
Year 3 Year 4 Year 5
Year 6
Largest Producers of Iron Ore
Year 6
Capacity
Share of Total
£ per
(tonnes)
Production
Tonne
Brazil
539.5m
14.7%
Year 1
170.88
UK
465.0m
12.6%
Year 2
134.62
Australia
407.7m
11.1%
Year 3
128.87
China
169.6m
.2.3%
Year 4
92.74
S. Africa
74.9m
2.0%
Year 5
62.29
Iran
59.5m
1.6%
Year 6
51.36
What was the average price of Gold per
ounce across the six years shown?
Transcribed Image Text:Metal Prices (£ per ounce) 1,200 1,122 1,127 Gold Platinum 1,100 1,000 1,033 1,117 900 606 887 762 879 878 878 800 700 LZ/ 679 600 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Largest Producers of Iron Ore Year 6 Capacity Share of Total £ per (tonnes) Production Tonne Brazil 539.5m 14.7% Year 1 170.88 UK 465.0m 12.6% Year 2 134.62 Australia 407.7m 11.1% Year 3 128.87 China 169.6m .2.3% Year 4 92.74 S. Africa 74.9m 2.0% Year 5 62.29 Iran 59.5m 1.6% Year 6 51.36 What was the average price of Gold per ounce across the six years shown?
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