Sandhill presented the following data. Net income $ 5,505,000 Bonds: 10%, $ 798,000 par value 786,500 Preferred stock: 91,000 shares outstanding, $100 par, 7% cumulative, not convertible 9,100,000 Common stock: Shares outstanding 1/1 463,000 Issued for cash, 4/1 778,000 Issued 40% stock dividend, 10/1

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)