Burrerin No. 20 
Bureau of Business Research 
University of Hlinois 
D 
Ny 
LE 
3 
& 
Avaroge 
(Mode) 
48] 
RQ 
R 
w, 
Q 
1) 4 
nN 
% 
8 
Pre 
“ls 
s 8 2 4 28 333 38 88 
5 8 + 8 & 8 3 ¥ 2 os 8d 
Aarios Expressed as Fercenrages 
CHART 1A—FREQUENCY DISTRIBUTION OF THE LonG-TerM-DEBT-T0-TOTAL- 
Equities Ratios or Pusric UriLrry COMPANIES. 1015-1924 
The approximated modes and the concentration of cases abou 
these modes are: 
Middle Entire 
East West West South U.S. 
Modal ratio. ...................... .484 .469 .401 .484 .481 
Concentration about the mode....... 37% 529, 349%, 63% 449, 
The ranges in the ratios and in the percentages are wide. If the 
data for each section of the country are arranged according to the size 
of the ratio, the result is as follows: 
Middle West. . ....ooviiii iii, 
South. .........oviinn... I 
East... 
Ratio 
(Mode) 
.401 
.469 
484 
A484 
Concentration 
About Mode 
349, 
529, 
639%, 
379,