Operating Income 2015 2016 Change 2015 v 2016 September 186,538.33 158,575.11 27,963.22 October 274,375.00 369,929.32 -95,554.32 November 266,582.32 401,642.15 -135,059.83 December 326,643.47 527,421.81 -200,778.34 What is the average monthly rate of decline and if it continues at that rate how many months before operating income is 50% of what the average is today.?
Operating Income 2015 2016 Change 2015 v 2016 September 186,538.33 158,575.11 27,963.22 October 274,375.00 369,929.32 -95,554.32 November 266,582.32 401,642.15 -135,059.83 December 326,643.47 527,421.81 -200,778.34 What is the average monthly rate of decline and if it continues at that rate how many months before operating income is 50% of what the average is today.?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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| Operating Income | 2015 | 2016 | Change 2015 v 2016 |
| September | 186,538.33 | 158,575.11 | 27,963.22 |
| October | 274,375.00 | 369,929.32 | -95,554.32 |
| November | 266,582.32 | 401,642.15 | -135,059.83 |
| December | 326,643.47 | 527,421.81 | -200,778.34 |
What is the average monthly rate of decline and if it continues at that rate how many months before operating income is 50% of what the average is today.?
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