Foundations of Financial Management
Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Chapter 13, Problem 5P
Summary Introduction

To calculate: The coefficient of variation for sales.

Introduction:

Coefficient of variation (CoV):

The ratio of standard deviation to mean, which shows the extent of variability of the data in relation to the mean of the population, is termed as coefficient of variation.

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