Answer :
Final answer:
Without specific data, the exact risk ratios for 2024 and 2025 cannot be calculated. Risk ratios usually involve calculations using accounts receivable turnover and days sales outstanding. For market concentration, sum the market shares of top companies.
Explanation:
To calculate risk ratios for 2024 and 2025, you need specific financial data, like the accounts receivable turnover or days sales outstanding. Without specific numbers provided, I cannot calculate exact figures. Normally, for accounts receivable turnover, you'd divide net credit sales by average accounts receivable. To get the days sales outstanding, you'd take the number of days in the period, usually 365, and divide it by the accounts receivable turnover ratio. If you're looking at market concentration ratios, like the CR4 ratio mentioned in the question data, you would sum the market shares of the top four firms in the market to get the CR4 ratio, or the top eight firms for the CR8 ratio. For probability problems or expected values in finance, rounding answers to four decimal places is standard for accuracy. But remember, the actual question asked us to round to one decimal place, so be careful to follow the instructions given in the problem statement.
