Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Kirk, Inc. Picard Co. Shares Outstanding 43,000 30,000 Price per Share Beginning End of of Year $ 62 112 Year $ 68 121

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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Assume the following information concerning two stocks that make up an
index. What is the value-weighted return for the index? (Do not round
intermediate calculations. Enter your answer as a percent rounded to 2
decimal places.)
Kirk, Inc.
Picard Co.
Shares
Outstanding
43,000
30,000
Price per Share
Beginning End of
of Year
$ 62
112
Year
$ 68
121
Transcribed Image Text:Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Kirk, Inc. Picard Co. Shares Outstanding 43,000 30,000 Price per Share Beginning End of of Year $ 62 112 Year $ 68 121
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