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The following information was available concerning the revenues of Caterpillar, Inc. and the consumer price index for urban goods (CPI-U). 7.1 Calculate the constant dollar
The following information was available concerning the revenues of Caterpillar, Inc. and the consumer price index for urban goods (CPI-U).
7.1 Calculate the constant dollar revenues for 2010 in 2013 dollars.
Year | Revenues (in thousands) | Average CPI-U | Constant Dollar Revenues in 2013 Dollars |
2010 | $42,588 | 219 |
|
2011 | $60,138 | 226 |
|
2012 | $65,875 | 230 |
|
2013 | $55,656 | 233 |
|
$55,656 | ||
$45,310.50 | ||
$50,678.50 | ||
$43,895 |
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