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Source: — Data Sufficiency |
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by Frankenstein » Thu Jun 09, 2011 9:59 pm
Hi,
This question has been discussed recently. You can follow :

https://www.beatthegmat.com/acquisition- ... 84013.html
Cheers!

Things are not what they appear to be... nor are they otherwise
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by smackmartine » Thu Jun 09, 2011 10:05 pm
IMO E

1) avg cost of all cars last year= 12,500

we do not know how many cars were sold by the end of the year.
Unless we know that, we cannot calculate the acquisition cost of cars on the lot. So Insufficient.

2) Revenue from sale 1050,000
we do not know how many cars were sold by the end of the year.
Insufficient.

Combining statements we still do not know # of cars sold.

Insufficient.
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