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Instructions
The following table shows the revenue and expenses in millions of Euros (European currency) associated with REPSOL YPF company’s oil and gas producing activities in operations in different parts of the world for 1998-2000.
Solution
Profitability = $$\frac{Net_Income_After_Taxes}{Expenses}$$
In 2000, Spain had the best profitability of 225/43.
Hence option B.
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