Imagine that there is an industry made up of 300 firms. You have data on the 9 largest firms below. You don’t have the revenues for 291 of the firms in the industry but one piece of critical information that you do know is that Company B has 12.5% market share. Company Name Annual Revenues ($) A 100 B 80 C 64 D 63 E 38 F 30 G 22 H 19 I 19 Answer the following questions (Round to 2 decimals if you need to round): What is the CR4? What is the CR8? What is the HHI? What is the total industry revenue?
Imagine that there is an industry made up of 300 firms. You have data on the 9 largest firms below. You don’t have the revenues for 291 of the firms in the industry but one piece of critical information that you do know is that Company B has 12.5% market share. Company Name Annual Revenues ($) A 100 B 80 C 64 D 63 E 38 F 30 G 22 H 19 I 19 Answer the following questions (Round to 2 decimals if you need to round): What is the CR4? What is the CR8? What is the HHI? What is the total industry revenue?
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 29E
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Question
Imagine that there is an industry made up of 300 firms. You have data on the 9 largest firms below. You don’t have the revenues for 291 of the firms in the industry but one piece of critical information that you do know is that Company B has 12.5% market share.
Company Name |
Annual Revenues ($) |
A |
100 |
B |
80 |
C |
64 |
D |
63 |
E |
38 |
F |
30 |
G |
22 |
H |
19 |
I |
19 |
Answer the following questions (Round to 2 decimals if you need to round):
- What is the CR4?
- What is the CR8?
- What is the HHI?
- What is the total industry revenue?
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