Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful lif
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Answer:
trim ratio = 1.15 and bearish
Explanation:
given data
stock = 1,455
decline = 1,553
volume in advancing issues = 852581
volume in declining issues = 1,058312
solution
we get here the trim ration is express here as
trim ratio = (stock ÷ decline) ÷ ( advancing issues ÷ declining issues ) ...............................1
put here value and we get trim ratio
trim ratio =
solve it we get '
trim ratio = 1.15
and here we see trim is greater than 1 so
it is bearish