If dividends declared per share during 2011 (the base year),2012,and 2013 are $2.40,$1.80,and $1.92,respectively,the index numbers assigned to 2012 and 2013,respectively,are
A) 75% and 80%.
B) 180% and 70%.
C) 133.3% and 100%.
D) 60% and 85%.

Question

Quizplus · Accepted Answer

The index number for a year is calculated as (dividend of that year / dividend of base year) * 100. For 2012: ($1.80 / $2.40) * 100 = 75%. For 2013: ($1.92 / $2.40) * 100 = 80%.

If Dividends Declared Per Share During 2011 (The Base Year),2012,and