The solution of IRIS 4 shows 4.2%, but I think the correct answer should be 4%.
The IRIS manual says all ratios should be rounded to the nearest percent, except for Investment Yield ratio which can be rounded to the 1/10 of percent.
Thanks for pointing that out. I have added a note about rounding to the IRIS ratios wiki. I also checked the examiner's reports and they do not usually round to the nearest percent, so I'm not sure I would do that on the exam unless you explain what you're doing. You would technically be correct, but the graders don't always have the correct answers themselves.
Comments
Thanks for pointing that out. I have added a note about rounding to the IRIS ratios wiki. I also checked the examiner's reports and they do not usually round to the nearest percent, so I'm not sure I would do that on the exam unless you explain what you're doing. You would technically be correct, but the graders don't always have the correct answers themselves.
Thanks for the reply and the update on IRIS wiki!