BULLETIN No. 20

Bureav of Buaihess Rese
University of iflinois
2d

ir
~
3
Pr

Aver--¢
(Moda)
035

— Average
(Mode)
o3l

v ©
(Mode)
026

iS
Q 15!
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3

10!
>

] . Ll ll
5 FT 8% @ 8% 88 8T Tie IEIEH fT Eselya
Gas & Flectric Traction Holding
Patios Expressed as Fercentages

CHART 2D—FREQUENCY DISTRIBUTIONS OF THE CURRENT-LIABILITIES-TO-TOTAL-Equities
 Ratios oF PusrLic Utiuity COMPANIES BY TYPE oF COMPANY

cent of the cases, while the other two distributions have only two bars
each with more than 15 per cent of the cases.
The approximated modes and percentages of concentration of the
cases about these typical ratios are as follows:

Gas and
Electric Traction Holding
.035 L031 .026
59% 58% 72%
The ratios of each group are highly typical of their respective distributions
 as shown by the large number of cases grouped about these
ratios.
DISTRIBUTIONS BY TYPE YEARS
The effect of varying business conditions from year to year upon
the ratios of Current Liabilities are given in Table ITe. The years
1917, 1919, 1921, and 1924, which were chosen for detailed study, are
years of varying degrees of business activity. The types of distributions
 for these years are quite similar, the most significant difference
being the shifting of the highest bar from the class interval of .02-.039
to .04-.059 in the year of 1919,