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If Consolidated Conglomerate’s earnings are less than or equal to 10

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If Consolidated Conglomerate’s earnings are less than or equal to 10  [#permalink]

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New post 24 Jul 2019, 05:46
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A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

62% (01:26) correct 38% (02:39) wrong based on 21 sessions

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If Consolidated Conglomerate’s earnings are less than or equal to 10 percent of sales during a year, then the stockholders must take a dividend cut at the end of the year. In how many years did the stockholders of Consolidated Conglomerate suffer a dividend cut?

(A) None
(B) One
(C) Two
(D) Three
(E) Four

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Re: If Consolidated Conglomerate’s earnings are less than or equal to 10  [#permalink]

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New post 03 Aug 2019, 13:59
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Bunuel wrote:
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If Consolidated Conglomerate’s earnings are less than or equal to 10 percent of sales during a year, then the stockholders must take a dividend cut at the end of the year. In how many years did the stockholders of Consolidated Conglomerate suffer a dividend cut?

(A) None
(B) One
(C) Two
(D) Three
(E) Four


So I basically am looking for years in which earnings is <= 10% of Sales.
85,86 both satisfy. And then in the end 90 satisfies too (8 is less than 10% of 100).
Hence Three. Option D.
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Re: If Consolidated Conglomerate’s earnings are less than or equal to 10   [#permalink] 03 Aug 2019, 13:59
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