Question: the following data all in billion were the sales...
The following data (all in billion $) were the sales and costs (excluding selling and general and administrative costs) of McDonalds for company-operated restaurants (i.e., excluding franchise restaurants) during a three-year period.
a) Calculate the labour productivity (in $ sales over $ payroll & benefits costs) and its growth over time. Interpret your results.
b) Calculate the multifactor productivity (in $ sales over $ all operating costs given) and its growth over time. Interpret your results.