Answered: The apparel industry consists of 10…

The apparel industry consists of 10 companies from A to F. Calculate the 4-firm concentration ratio for this industry Company Sales $m: A $26 $6 C $17 $13 $8 $15 Next 4 (total) $12 Total $97

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.

Question

The apparel industry consists of 10 companies from A to F.
Calculate the 4-firm concentration ratio for this industry
Company
Sales $m:
A
$26
$6
C
$17
D
$13
$8
F
$15
Next 4 (total)
$12
Total
$97

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