Spring 2015 Q19 a)
Why do we calculate the ECR from 2012? Can we not calculate the ECR from 2013 or 2014?
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Why do we calculate the ECR from 2012? Can we not calculate the ECR from 2013 or 2014?
Comments
You can use any of the 3 AYs to come up with the ECR because the question states the ECR is the same for all AYs. If you do the calculation for all 3 AYS, you will see that the ECR = 10.0 in each case.