1. Compute the partial financial productivity ratios for each of the two years.

2. On the basis of the partial financial productivity ratios you computed, what conclusions can you draw about the firm's productivity in 2016 relative to 2015?

3. Separate the change of the partial financial productivity ratio from 2015 to 2016 into productivity changes, input price changes, and output changes.

4. Does the detailed information provided by separating the change of the partial financial production ratio offer any insight into the relative productivity for either of the two years?

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Units manufactured Units of CT140 used Direct labor hours used Cost of CT140 per unit Direct labor wage rate per hou 2016 750,000 900,000 150,000 $156 $56 2015 1,000,000 1,050,000 200,000 $135 $62