while in other sections of the country the concentration is several groups 
higher. Summarized figures showing this condition are as follows: 
Middle 
Percentage of cases: East West West South 
(1) below a ratio of 24... 24% 30% 61% 43% 
(2) below a ratio of 40... 60% 70% 84% 82% 
By the time a ratio of .40 is reached as a dividing line, the proportion of 
cases below this point in the West and South is about the same, but the 
proportion in the lower range of the ratio scale for the East and Middle 
West still lags behind the others. Or, put in the reverse way, the pro- 
portion of cases of high ratios is greatest in the East, with the Middle 
West next, and the other two districts following. 
The modal averages show the same general tendency as follows: 
Middle 
East West West South 
Modal ratio....... rare MEA 35 11 27 
THE RATIO BY SIZE OF COMPANY 
Size of company as measured in total assets makes some difference 
in the ratio of Revenue to Net Worth, as will be observed in Chart 2c 
Bimcau or Bosimess Reseancn 
Universirr or litivors-2¢ 
2 
AVERAGE et AVERAGE 
Wwe (Moos) 
i 35 
Wo, 
SE Nl y ef Liat! 
Cs Rs aye 58% 8RK5%5Q § R83 3R5 8 
$808 gukag p 885382] 8H ISR 
S70 9 MILLIONS OF ASSETS 10 70 #9 MILLIONS OF ASSETS SOMULIONS OR OWER OF ASSETS 
Ratios Expressed as Lercentages 
Cuarr 2c—FRrEQuENCY DISTRIBUTIONS OF THE REVENUE-TO-NET-WORTH 
Ratios oF PusLic UriLiry Companies By Size oF CoMPANY 
0187