Industrial Profits in 1917
The theory that business profits, in the long run, tend towards equality between different industries is qualified by the admission that, at any given time, variations exist. Such variations in 108 industries are examined for the year 1917. — I. Source of the data: Treasury tax returns for 26, 477 corporations, 242. — II. Variation in the earnings of these different industries and trades, and in eleven major groups of industries into which they fall, 243. — III. Range between individual firms within given industries and groups, 253. — IV. Variations in the average invested capitals per corporation, 259. — V. Earnings of the largest corporations, 261. — VI. Effect of taxation on profits. Summary, 264.