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Question
Use the following information taken from Johnson & Johnson annual reports. The principal office of Johnson & Johnson is in New Brunswick, New Jersey. Its common stock is listed on the New York Stock Exchange, using the symbol JNJ.
Using the period 2000-02 as the base period, compute a simple index of the number of employees for each year from 2004 to 2015.
Solution
VerifiedAnswered 9 months ago
Answered 9 months ago
Step 1
1 of 2In this exercise, we need to apply the following simple index formula for Employees:
Where it is given that the base-period price is the mean of Employees values for , and year.
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