The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations: Current Year Previous Year Revenue (in billions) $19.9 $18.6 Number of professional staff (including partners) 79,347 71,212 a. For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar. Revenue per professional staff Current year $fill in the blank 1 Previous year $fill in the blank 2 b. Interpret the trend between the two years. Did the revenues increase or decrease? Did the revenue per professional staff increase or decrease?
The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations: Current Year Previous Year Revenue (in billions) $19.9 $18.6 Number of professional staff (including partners) 79,347 71,212 a. For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar. Revenue per professional staff Current year $fill in the blank 1 Previous year $fill in the blank 2 b. Interpret the trend between the two years. Did the revenues increase or decrease? Did the revenue per professional staff increase or decrease?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations:
| Current Year |
Previous Year |
|||
| Revenue (in billions) | $19.9 | $18.6 | ||
| Number of professional staff (including partners) | 79,347 | 71,212 |
a. For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar.
| Revenue per professional staff | |
| Current year | $fill in the blank 1 |
| Previous year | $fill in the blank 2 |
b. Interpret the trend between the two years.
| Did the revenues increase or decrease? |
|
| Did the revenue per professional staff increase or decrease? |
|
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